Universal Entertainment Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥7.85 per share, compared with ¥15.01 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 ¥576.0 million, compared with income of ¥1.10 billion in the prior-year period.
The normalized profit margin declined to negative 6.7% from 10.2% in the year-earlier period.
Total revenue fell 20.5% on an annual basis to ¥8.60 billion from ¥10.82 billion, and total operating expenses decreased on an annual basis to ¥9.98 billion from ¥10.41 billion.
Reported net income came to a loss of ¥2.48 billion, or a loss of ¥33.84 per share, compared to income of ¥626.6 million, or ¥8.52 per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
