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Nihon Falcom fiscal Q1 profit falls YOY

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Nihon Falcom fiscal Q1 profit falls YOY

Nihon Falcom Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to ¥9.18 per share, a decrease of 64.6% from ¥25.90 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥94.4 million, a decline of 64.6% from ¥266.3 million in the prior-year period.

The normalized profit margin declined to 27.8% from 42.7% in the year-earlier period.

Total revenue decreased 45.4% on an annual basis to ¥340.0 million from ¥623.0 million, and total operating expenses fell on an annual basis to ¥189.0 million from ¥195.0 million.

Reported net income decreased 62.1% from the prior-year period to ¥106.0 million, or ¥10.31 per share, from ¥280.0 million, or ¥27.24 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.