Daisyo Corp. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to a loss of ¥20.78 per share, compared with a loss of ¥15.65 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 ¥429.9 million, compared with a loss of ¥323.8 million in the year-earlier period.
The normalized profit margin dropped to negative 2.6% from negative 1.8% in the year-earlier period.
Total revenue fell 7.2% on an annual basis to ¥16.84 billion from ¥18.14 billion, and total operating expenses decreased 6.0% on an annual basis to ¥17.51 billion from ¥18.63 billion.
Reported net income totaled a loss of ¥465.0 million, or a loss of ¥22.48 per share, compared to a loss of ¥290.0 million, or a loss of ¥14.02 per share, in the prior-year period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
