Tsuchiya Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended April 30 amounted to a loss of 17 Japanese sen per share, compared with a loss of ¥1.30 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 ¥4.4 million, compared with a loss of ¥33.1 million in the year-earlier period.
The normalized profit margin increased to negative 0.1% from negative 0.5% in the year-earlier period.
Total revenue fell 9.4% on an annual basis to ¥5.70 billion from ¥6.29 billion, and total operating expenses fell 9.9% on an annual basis to ¥5.74 billion from ¥6.38 billion.
Reported net income totaled a loss of ¥86.0 million, or a loss of ¥3.37 per share, compared to a loss of ¥28.0 million, or a loss of ¥1.10 per share, in the prior-year period.
As of June 12, US$1 was equivalent to ¥123.29.
