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Colowide fiscal Q1 profit falls YOY

Colowide Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥5.43 per share, a decline of 5.6% from ¥5.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥407.5 million, a decline of 5.6% from ¥431.9 million in the prior-year period.

The normalized profit margin dropped to 1.1% from 1.2% in the year-earlier period.

Total revenue totaled ¥36.16 billion, compared with ¥36.23 billion in the year-earlier period, and total operating expenses came to ¥35.01 billion, compared with ¥35.00 billion in the prior-year period.

Reported net income totaled a loss of ¥581.0 million, or a loss of ¥7.74 per share, compared to a loss of ¥208.0 million, or a loss of ¥2.77 per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to ¥102.44.