Yamano Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥3.07 per share, compared with a loss of 45 sen 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 ¥105.9 million, compared with a loss of ¥15.5 million in the year-earlier period.
The normalized profit margin dropped to negative 2.1% from negative 0.3% in the year-earlier period.
Total revenue declined 10.9% on an annual basis to ¥5.04 billion from ¥5.65 billion, and total operating expenses fell 8.0% year over year to ¥5.24 billion from ¥5.69 billion.
Reported net income came to a loss of ¥203.0 million, or a loss of ¥5.89 per share, compared to a loss of ¥91.9 million, or a loss of ¥2.66 per share, in the prior-year period.
As of Aug. 11, US$1 was equivalent to ¥102.12.
