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Unicafe fiscal Q1 profit falls YOY

Unicafe Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥5.55 per share, a decrease of 55.4% from ¥12.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.9 million, a decline of 55.4% from ¥172.5 million in the year-earlier period.

The normalized profit margin declined to 3.1% from 5.0% in the year-earlier period.

Total revenue decreased 28.4% on an annual basis to ¥2.45 billion from ¥3.42 billion, and total operating expenses fell 25.9% year over year to ¥2.33 billion from ¥3.14 billion.

Reported net income fell 6.8% year over year to ¥179.0 million, or ¥12.93 per share, from ¥192.0 million, or ¥13.87 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.