Y's Table Corp. said its normalized net income for the fiscal first quarter ended May 31 came to ¥21.23 per share, a decrease of 42.1% from ¥36.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.5 million, a decline of 42.1% from ¥97.5 million in the year-earlier period.

The normalized profit margin dropped to 1.6% from 2.9% in the year-earlier period.

Total revenue climbed year over year to ¥3.52 billion from ¥3.42 billion, and total operating expenses rose on an annual basis to ¥3.43 billion from ¥3.30 billion.

Reported net income fell 60.5% year over year to ¥32.0 million, or ¥12.03 per share, from ¥81.0 million, or ¥30.44 per share.

As of July 15, US$1 was equivalent to ¥101.70.