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Amagasa fiscal Q1 profit falls YOY

Amagasa Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 came to ¥10.06 per share, a decline of 45.5% from ¥18.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.8 million, a decline of 45.5% from ¥34.4 million in the prior-year period.

The normalized profit margin declined to 1.0% from 2.0% in the year-earlier period.

Total revenue grew 6.8% year over year to ¥1.80 billion from ¥1.69 billion, and total operating expenses grew 7.8% on an annual basis to ¥1.76 billion from ¥1.64 billion.

Reported net income decreased 43.8% year over year to ¥18.0 million, or ¥9.66 per share, from ¥32.0 million, or ¥17.17 per share.

As of June 13, US$1 was equivalent to ¥102.08.