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Don Quijote Holdings fiscal Q1 profit falls YOY

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Don Quijote Holdings fiscal Q1 profit falls YOY

Don Quijote Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to ¥36.90 per share, a decline of 7.3% from ¥39.79 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.81 billion, a decline of 6.9% from ¥6.24 billion in the year-earlier period.

The normalized profit margin fell to 3.5% from 4.3% in the year-earlier period.

Total revenue increased 11.8% year over year to ¥163.86 billion from ¥146.51 billion, and total operating expenses climbed 12.5% on an annual basis to ¥153.41 billion from ¥136.37 billion.

Reported net income declined from the prior-year period to ¥6.14 billion, or ¥38.99 per share, from ¥6.42 billion, or ¥40.88 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.