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Japan Food & Liquor Alliance profit holds steady YOY in fiscal Q1

Japan Food & Liquor Alliance Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥3.20 per share, a decrease of 9.7% from ¥3.55 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥241.3 million, compared with ¥241.3 million in the year-earlier period.

The normalized profit margin increased to 3.3% from 3.2% in the year-earlier period.

Total revenue decreased on an annual basis to ¥7.22 billion from ¥7.54 billion, and total operating expenses decreased on an annual basis to ¥6.76 billion from ¥7.03 billion.

Reported net income decreased year over year to ¥333.0 million, or ¥4.42 per share, from ¥340.0 million, or ¥5.00 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.