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FamilyMart UNY fiscal Q1 profit falls YOY

FamilyMart UNY Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥59.17 per share, a decrease of 14.2% from ¥68.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.62 billion, a decline of 14.2% from ¥6.55 billion in the prior-year period.

The normalized profit margin fell to 6.3% from 8.0% in the year-earlier period.

Total revenue grew 7.7% year over year to ¥88.66 billion from ¥82.33 billion, and total operating expenses grew 10.4% year over year to ¥79.64 billion from ¥72.16 billion.

Reported net income increased on an annual basis to ¥14.02 billion, or ¥147.65 per share, from ¥5.53 billion, or ¥58.30 per share.

As of July 11, US$1 was equivalent to ¥101.30.