Sakurai Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of ¥8.60 per share, compared with ¥6.88 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 ¥34.4 million, compared with income of ¥27.5 million in the prior-year period.
The normalized profit margin fell to negative 4.2% from 3.0% in the year-earlier period.
Total revenue fell 12.2% on an annual basis to ¥811.0 million from ¥924.0 million, and total operating expenses totaled ¥928.0 million, compared with ¥922.0 million in the year-earlier period.
Reported net income came to a loss of ¥42.0 million, or a loss of ¥10.50 per share, compared to income of ¥25.0 million, or ¥6.25 per share, in the year-earlier period.
As of Feb. 12, US$1 was equivalent to ¥118.90.
