TAC Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of ¥14.95 per share, compared with a loss of ¥8.83 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 ¥276.6 million, compared with a loss of ¥161.0 million in the prior-year period.
The normalized profit margin declined to negative 6.3% from negative 3.6% in the year-earlier period.
Total revenue decreased year over year to ¥4.39 billion from ¥4.46 billion, and total operating expenses rose from the prior-year period to ¥4.82 billion from ¥4.71 billion.
Reported net income totaled a loss of ¥210.0 million, or a loss of ¥11.35 per share, compared to a loss of ¥44.0 million, or a loss of ¥2.41 per share, in the prior-year period.
As of Feb. 12, US$1 was equivalent to ¥118.90.
