Mikuni Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥15.12 per share, a decrease of 5.8% from ¥16.04 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥512.1 million, a decline of 5.8% from ¥543.6 million in the prior-year period.
The normalized profit margin declined to 2.2% from 2.4% in the year-earlier period.
Total revenue totaled ¥23.05 billion, compared with ¥23.03 billion in the year-earlier period, and total operating expenses came to ¥22.05 billion, compared with ¥22.19 billion in the year-earlier period.
Reported net income rose 19.8% on an annual basis to ¥690.0 million, or ¥20.37 per share, from ¥576.0 million, or ¥17.00 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
