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Aigan profit holds relatively steady YOY in fiscal Q3

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Aigan profit holds relatively steady YOY in fiscal Q3

Aigan Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of ¥6.76 per share, compared with a loss of ¥6.79 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 ¥131.3 million, compared with a loss of ¥131.9 million in the year-earlier period.

The normalized profit margin dropped to negative 3.5% from negative 3.3% in the year-earlier period.

Total revenue fell 6.1% year over year to ¥3.74 billion from ¥3.99 billion, and total operating expenses decreased 6.0% on an annual basis to ¥3.98 billion from ¥4.24 billion.

Reported net income came to a loss of ¥767.0 million, or a loss of ¥39.52 per share, compared to a loss of ¥243.0 million, or a loss of ¥12.52 per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to ¥118.68.