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Pixelz Q1 loss narrows YOY

4915768 said its first-quarter normalized net income was a loss of ¥2.56 per share, compared with a loss of ¥2.81 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 ¥12.5 million, compared with a loss of ¥13.8 million in the year-earlier period.

The normalized profit margin declined to negative 0.3% from negative 0.3% in the year-earlier period.

Total revenue declined 25.1% on an annual basis to ¥3.81 billion from ¥5.08 billion, and total operating expenses fell 25.0% from the prior-year period to ¥3.82 billion from ¥5.10 billion.

eported net income totaled a loss of ¥144.0 m Pixel Co.z Inc.