MARUJUN Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥41.54 per share, compared with ¥22.85 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 ¥364.1 million, compared with income of ¥223.1 million in the year-earlier period.
The normalized profit margin dropped to negative 2.4% from 1.5% in the year-earlier period.
Total revenue grew on an annual basis to ¥15.13 billion from ¥14.51 billion, and total operating expenses grew 10.6% year over year to ¥15.57 billion from ¥14.08 billion.
Reported net income totaled a loss of ¥613.0 million, or a loss of ¥69.93 per share, compared to income of ¥305.0 million, or ¥31.23 per share, in the year-earlier period.
As of Aug. 12, US$1 was equivalent to ¥102.19.
