JXTG Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥6.65 per share, a decrease of 33.1% from ¥9.95 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.74 billion, a decrease of 8.1% from ¥24.73 billion in the year-earlier period.
The normalized profit margin fell to 1.0% from 1.4% in the year-earlier period.
Total revenue rose 23.0% on an annual basis to ¥2.225 trillion from ¥1.809 trillion, and total operating expenses increased 22.8% from the prior-year period to ¥2.189 trillion from ¥1.782 trillion.
Reported net income declined 24.7% from the prior-year period to ¥19.01 billion, or ¥5.56 per share, from ¥25.23 billion, or ¥10.15 per share.
As of Aug. 10, US$1 was equivalent to ¥109.48.
