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Kadoya Sesame Mills fiscal Q1 profit falls YOY

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Kadoya Sesame Mills fiscal Q1 profit falls YOY

Kadoya Sesame Mills Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥24.87 per share, a decrease of 52.1% from ¥51.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥233.8 million, a decline of 52.1% from ¥488.1 million in the year-earlier period.

The normalized profit margin declined to 4.1% from 8.6% in the year-earlier period.

Total revenue totaled ¥5.72 billion, compared with ¥5.68 billion in the year-earlier period, and total operating expenses rose 6.5% on an annual basis to ¥5.38 billion from ¥5.05 billion.

Reported net income declined 51.1% on an annual basis to ¥229.0 million, or ¥24.36 per share, from ¥468.0 million, or ¥49.79 per share.

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