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Fuji Kyuko fiscal Q1 profit falls YOY

Fuji Kyuko Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥5.85 per share, a decline from ¥6.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥310.9 million, a decline from ¥321.8 million in the prior-year period.

The normalized profit margin declined to 2.8% from 3.0% in the year-earlier period.

Total revenue climbed year over year to ¥11.12 billion from ¥10.87 billion, and total operating expenses rose from the prior-year period to ¥10.48 billion from ¥10.15 billion.

Reported net income grew 23.0% year over year to ¥385.0 million, or ¥7.25 per share, from ¥313.0 million, or ¥5.90 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.