Marusan-Ai Co. Ltd. said its normalized net income for the fiscal second quarter ended March 20 amounted to a loss of ¥7.79 per share, compared with a loss of ¥19.77 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 ¥17.9 million, compared with a loss of ¥45.4 million in the prior-year period.
The normalized profit margin increased to negative 0.3% from negative 0.9% in the year-earlier period.
Total revenue climbed year over year to ¥5.43 billion from ¥5.19 billion, and total operating expenses increased year over year to ¥5.47 billion from ¥5.26 billion.
Reported net income came to a loss of ¥10.0 million, or a loss of ¥4.36 per share, compared to a loss of ¥56.0 million, or a loss of ¥24.40 per share, in the year-earlier period.
As of April 30, US$1 was equivalent to ¥119.69.
