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Japan Food & Liquor Alliance fiscal Q3 loss narrows YOY

Japan Food & Liquor Alliance Inc. said its normalized net income for the fiscal third quarter ended June 30 was a loss of 18 Japanese sen per share, compared with a loss of 89 sen 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 ¥17.5 million, compared with a loss of ¥60.6 million in the prior-year period.

The normalized profit margin increased to negative 0.3% from negative 1.0% in the year-earlier period.

Total revenue came to ¥5.95 billion, compared with ¥5.91 billion in the prior-year period, and total operating expenses came to ¥5.88 billion, compared with ¥5.85 billion in the prior-year period.

Reported net income totaled a loss of ¥117.0 million, or a loss of ¥1.21 per share, compared to a loss of ¥109.0 million, or a loss of ¥1.60 per share, in the prior-year period.

As of Aug. 7, US$1 was equivalent to ¥124.28.