Optoelectronics Co.Ltd. said its normalized net income for the fiscal first quarter ended Feb. 29 amounted to ¥14.67 per share, a decline from ¥14.82 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥90.6 million, a decrease of 7.1% from ¥97.5 million in the prior-year period.
The normalized profit margin declined to 4.8% from 5.5% in the year-earlier period.
Total revenue increased 5.0% on an annual basis to ¥1.88 billion from ¥1.79 billion, and total operating expenses increased on an annual basis to ¥1.69 billion from ¥1.64 billion.
Reported net income fell 28.7% from the prior-year period to ¥67.0 million, or ¥10.84 per share, from ¥94.0 million, or ¥14.29 per share.
As of March 24, US$1 was equivalent to ¥112.66.
