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Omikenshi fiscal Q3 loss widens YOY

Omikenshi Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of ¥1.04 per share, compared with a loss of 47 sen 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 ¥68.8 million, compared with a loss of ¥31.0 million in the prior-year period.

The normalized profit margin fell to negative 2.1% from negative 0.8% in the year-earlier period.

Total revenue fell 16.6% year over year to ¥3.24 billion from ¥3.88 billion, and total operating expenses decreased 14.5% year over year to ¥3.28 billion from ¥3.83 billion.

Reported net income came to a loss of ¥156.0 million, or a loss of ¥2.36 per share, compared to a loss of ¥141.0 million, or a loss of ¥2.14 per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to ¥112.83.