O'will Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥13.18 per share, a decline of 41.8% from ¥22.62 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥41.5 million, a decrease of 41.8% from ¥71.3 million in the year-earlier period.
The normalized profit margin fell to 0.6% from 1.0% in the year-earlier period.
Total revenue declined year over year to ¥7.40 billion from ¥7.48 billion, and total operating expenses came to ¥7.33 billion, compared with ¥7.39 billion in the prior-year period.
Reported net income declined 40.6% year over year to ¥41.0 million, or ¥13.02 per share, from ¥69.0 million, or ¥21.91 per share.
As of Aug. 13, US$1 was equivalent to ¥102.37.
