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Kuraudia fiscal Q3 profit falls YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 came to ¥24.25 per share, a decline of 20.4% from ¥30.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥215.0 million, a decline of 23.0% from ¥279.4 million in the year-earlier period.

The normalized profit margin fell to 6.5% from 7.3% in the year-earlier period.

Total revenue decreased 12.8% on an annual basis to ¥3.32 billion from ¥3.81 billion, and total operating expenses declined 11.5% on an annual basis to ¥2.98 billion from ¥3.36 billion.

Reported net income grew 43.7% year over year to ¥342.0 million, or ¥38.57 per share, from ¥238.0 million, or ¥25.96 per share.

As of July 14, US$1 was equivalent to ¥123.44.