Ichishin Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to a loss of ¥12.11 per share, compared with a loss of ¥22.91 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 ¥125.0 million, compared with a loss of ¥206.9 million in the prior-year period.
The normalized profit margin climbed to negative 3.4% from negative 5.3% in the year-earlier period.
Total revenue declined 5.0% on an annual basis to ¥3.69 billion from ¥3.88 billion, and total operating expenses fell 7.9% year over year to ¥3.88 billion from ¥4.21 billion.
Reported net income totaled a loss of ¥277.0 million, or a loss of ¥26.83 per share, compared to a loss of ¥311.0 million, or a loss of ¥34.44 per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
