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Nakayamafuku fiscal Q1 profit falls YOY

Nakayamafuku Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥9.79 per share, a decrease of 18.6% from ¥12.02 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥197.5 million, a decrease of 18.6% from ¥242.5 million in the year-earlier period.

The normalized profit margin dropped to 1.8% from 2.2% in the year-earlier period.

Total revenue declined year over year to ¥10.96 billion from ¥11.14 billion, and total operating expenses fell year over year to ¥10.85 billion from ¥10.97 billion.

Reported net income decreased from the prior-year period to ¥225.0 million, or ¥11.15 per share, from ¥232.0 million, or ¥11.50 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.