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Felissimo fiscal Q3 loss widens 5.8% YOY

Felissimo Corp. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to a loss of ¥36.06 per share, compared with a loss of ¥34.09 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 ¥355.6 million, compared with a loss of ¥336.3 million in the year-earlier period.

The normalized profit margin dropped to negative 3.9% from negative 3.4% in the year-earlier period.

Total revenue declined 6.1% year over year to ¥9.18 billion from ¥9.78 billion, and total operating expenses declined 5.3% on an annual basis to ¥9.83 billion from ¥10.38 billion.

Reported net income came to a loss of ¥553.0 million, or a loss of ¥56.07 per share, compared to a loss of ¥403.0 million, or a loss of ¥40.86 per share, in the year-earlier period.

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