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Miroku fiscal Q2 profit falls YOY

Miroku Corp. said its normalized net income for the fiscal second quarter ended April 30 was ¥10.28 per share, a decline of 12.1% from ¥11.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥149.4 million, a decrease of 12.1% from ¥170.0 million in the prior-year period.

The normalized profit margin dropped to 5.1% from 5.3% in the year-earlier period.

Total revenue decreased 7.5% year over year to ¥2.95 billion from ¥3.19 billion, and total operating expenses decreased 6.5% year over year to ¥2.77 billion from ¥2.96 billion.

Reported net income decreased 25.5% from the prior-year period to ¥140.0 million, or ¥9.63 per share, from ¥188.0 million, or ¥12.93 per share.

As of June 15, US$1 was equivalent to ¥123.50.