Honeys Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to a loss of ¥11.68 per share, compared with a loss of ¥9.16 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 ¥325.6 million, compared with a loss of ¥255.6 million in the year-earlier period.
The normalized profit margin dropped to negative 2.4% from negative 1.8% in the year-earlier period.
Total revenue declined year over year to ¥13.80 billion from ¥14.07 billion, and total operating expenses fell on an annual basis to ¥14.33 billion from ¥14.48 billion.
Reported net income totaled a loss of ¥621.0 million, or a loss of ¥22.28 per share, compared to a loss of ¥472.0 million, or a loss of ¥16.92 per share, in the prior-year period.
As of April 14, US$1 was equivalent to ¥119.09.
