trending Market Intelligence /marketintelligence/en/news-insights/trending/4UmyDjphblAZ_OjrEESVZA2 content esgSubNav
In This List

Ogura Clutch fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Ogura Clutch fiscal Q1 profit falls YOY

Ogura Clutch Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥11.28 per share, a decline of 9.2% from ¥12.42 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥169.0 million, a decline of 9.3% from ¥186.3 million in the prior-year period.

The normalized profit margin dropped to 1.8% from 2.0% in the year-earlier period.

Total revenue came to ¥9.43 billion, compared with ¥9.50 billion in the year-earlier period, and total operating expenses declined from the prior-year period to ¥9.08 billion from ¥9.33 billion.

Reported net income fell 41.5% from the prior-year period to ¥117.0 million, or ¥7.81 per share, from ¥200.0 million, or ¥13.34 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.