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Red Planet Japan fiscal Q2 loss widens YOY

Red Planet Japan Inc. said its normalized net income for the fiscal second quarter ended March 31 came to a loss of 84 Japanese sen per share, compared with a loss of 34 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥167.9 million, compared with a loss of ¥54.1 million in the year-earlier period.

The normalized profit margin declined to negative 13.1% from negative 4.9% in the year-earlier period.

Total revenue grew 15.5% on an annual basis to ¥1.28 billion from ¥1.11 billion, and total operating expenses climbed 25.0% from the prior-year period to ¥1.50 billion from ¥1.20 billion.

Reported net income came to a loss of ¥247.0 million, or a loss of ¥1.24 per share, compared to a loss of ¥96.0 million, or a loss of 60 sen per share, in the prior-year period.

As of May 16, US$1 was equivalent to ¥108.83.