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Yamaki fiscal Q1 profit falls YOY

Yamaki Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥19.47 per share, a decline of 8.0% from ¥21.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥147.0 million, a decline of 7.8% from ¥159.4 million in the prior-year period.

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

Total revenue decreased 7.6% on an annual basis to ¥4.65 billion from ¥5.03 billion, and total operating expenses fell 8.5% on an annual basis to ¥4.40 billion from ¥4.81 billion.

Reported net income declined 14.1% from the prior-year period to ¥209.5 million, or ¥27.74 per share, from ¥244.0 million, or ¥32.39 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.