Wealth Management Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of ¥7.71 per share, compared with a loss of ¥3.84 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥31.9 million, compared with a loss of ¥15.6 million in the year-earlier period.
The normalized profit margin dropped to negative 12.8% from negative 7.7% in the year-earlier period.
Total revenue climbed 23.2% on an annual basis to ¥250.0 million from ¥203.0 million, and total operating expenses grew 30.0% from the prior-year period to ¥295.0 million from ¥227.0 million.
Reported net income totaled a loss of ¥46.0 million, or a loss of ¥11.12 per share, compared to a loss of ¥25.0 million, or a loss of ¥6.15 per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
