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Anap fiscal Q1 loss widens 73.9% YOY

Anap Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to a loss of ¥23.47 per share, compared with a loss of ¥16.13 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 ¥100.0 million, compared with a loss of ¥57.5 million in the year-earlier period.

The normalized profit margin declined to negative 5.3% from negative 2.9% in the year-earlier period.

Total revenue declined 6.1% year over year to ¥1.88 billion from ¥2.00 billion, and total operating expenses declined on an annual basis to ¥2.04 billion from ¥2.06 billion.

Reported net income totaled a loss of ¥74.0 million, or a loss of ¥17.37 per share, compared to a loss of ¥40.0 million, or a loss of ¥11.22 per share, in the year-earlier period.

As of Jan. 14, US$1 was equivalent to ¥116.84.