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Alpha Corp. fiscal Q1 profit falls YOY

ALPHA Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥10.05 per share, a decline of 78.1% from ¥45.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥96.0 million, a decline of 78.1% from ¥438.0 million in the year-earlier period.

The normalized profit margin fell to 0.8% from 3.6% in the year-earlier period.

Total revenue totaled ¥12.23 billion, compared with ¥12.31 billion in the year-earlier period, and total operating expenses fell from the prior-year period to ¥11.88 billion from ¥12.18 billion.

Reported net income declined 96.2% year over year to ¥22.0 million, or ¥2.30 per share, from ¥577.0 million, or ¥60.41 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.