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Ontsu fiscal Q1 profit falls YOY

Ontsu Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 10 Japanese sen per share, a decline of 61.7% from 26 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.4 million, a decrease of 60.9% from ¥49.5 million in the prior-year period.

The normalized profit margin dropped to 0.4% from 1.1% in the year-earlier period.

Total revenue decreased year over year to ¥4.32 billion from ¥4.42 billion, and total operating expenses came to ¥4.27 billion, compared with ¥4.30 billion in the year-earlier period.

Reported net income fell 95.6% year over year to ¥2.0 million, or 1 sen per share, from ¥44.0 million, or 23 sen per share.

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