Yellow Hat Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥35.63 per share, a decline of 9.9% from ¥39.54 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥819.4 million, a decline of 8.6% from ¥896.9 million in the year-earlier period.
The normalized profit margin declined to 3.2% from 3.4% in the year-earlier period.
Total revenue fell year over year to ¥26.00 billion from ¥26.43 billion, and total operating expenses fell from the prior-year period to ¥24.85 billion from ¥25.23 billion.
Reported net income came to ¥1.04 billion, or ¥45.15 per share, compared to ¥1.03 billion, or ¥45.35 per share, in the prior-year period.
As of Aug. 8, US$1 was equivalent to ¥101.85.
