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Red Planet Japan fiscal Q4 loss widens YOY

Red Planet Japan Inc. said its normalized net income for the fiscal fourth quarter ended Sept. 30, 2015, came to a loss of ¥6.26 per share, compared with a loss of 67 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 ¥1.14 billion, compared with a loss of ¥87.5 million in the prior-year period.

The normalized profit margin declined to negative 113.6% from negative 18.8% in the year-earlier period.

Total revenue climbed year over year to ¥1.01 billion from ¥465.0 million, and total operating expenses climbed from the prior-year period to ¥2.04 billion from ¥575.0 million.

Reported net income totaled a loss of ¥2.33 billion, or a loss of ¥12.77 per share, compared to a loss of ¥125.0 million, or a loss of 96 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥8.18 per share, compared with a loss of ¥2.77 per share in the prior year.

Normalized net income was a loss of ¥1.35 billion, compared with a loss of ¥278.8 million in the prior year.

Full-year total revenue grew year over year to ¥4.18 billion from ¥1.82 billion, and total operating expenses increased 151.5% year over year to ¥5.55 billion from ¥2.21 billion.

The company said reported net income totaled a loss of ¥2.72 billion, or a loss of ¥16.41 per share, in the full year, compared with a loss of ¥430.0 million, or a loss of ¥4.28 per share, the prior year.

As of Feb. 4, US$1 was equivalent to ¥117.24.