Applied Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of ¥11.18 per share, compared with a loss of ¥2.88 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 ¥28.4 million, compared with a loss of ¥7.3 million in the year-earlier period.
The normalized profit margin dropped to negative 0.5% from negative 0.1% in the year-earlier period.
Total revenue declined 9.1% on an annual basis to ¥5.57 billion from ¥6.13 billion, and total operating expenses fell 8.7% on an annual basis to ¥5.62 billion from ¥6.15 billion.
Reported net income totaled a loss of ¥59.0 million, or a loss of ¥23.25 per share, compared to a loss of ¥23.0 million, or a loss of ¥9.14 per share, in the year-earlier period.
As of Nov. 14, US$1 was equivalent to ¥116.46.
