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Yasunaga fiscal Q1 profit falls YOY

Yasunaga Corp. said its normalized net income for the fiscal first quarter ended June 30 was 47 Japanese sen per share, a decline of 91.7% from ¥5.69 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.6 million, a decline of 91.7% from ¥68.1 million in the prior-year period.

The normalized profit margin dropped to 0.1% from 0.9% in the year-earlier period.

Total revenue declined 12.4% year over year to ¥6.50 billion from ¥7.42 billion, and total operating expenses fell 12.3% from the prior-year period to ¥6.48 billion from ¥7.39 billion.

Reported net income came to a loss of ¥138.0 million, or a loss of ¥11.54 per share, compared to a loss of ¥57.0 million, or a loss of ¥4.76 per share, in the prior-year period.

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