Create SD Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 31 amounted to ¥19.89 per share, a decrease of 26.6% from ¥27.08 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.33 billion, a decrease of 26.6% from ¥1.81 billion in the prior-year period.
The normalized profit margin declined to 2.5% from 3.7% in the year-earlier period.
Total revenue increased 8.4% on an annual basis to ¥52.39 billion from ¥48.35 billion, and total operating expenses grew 10.5% from the prior-year period to ¥50.35 billion from ¥45.55 billion.
Reported net income decreased 25.9% on an annual basis to ¥1.30 billion, or ¥19.40 per share, from ¥1.75 billion, or ¥26.16 per share.
As of Oct. 10, US$1 was equivalent to ¥107.98.
