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Niraku GC fiscal H2 profit falls YOY

Niraku GC Holdings Inc. said its normalized net income for the fiscal second half ended March 31 was ¥1.75 per share, a decrease of 24.1% from ¥2.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.57 billion, a decline of 24.1% from ¥2.07 billion in the year-earlier period.

Total revenue totaled ¥17.39 billion, compared with ¥17.49 billion in the year-earlier period, and total operating expenses rose 5.2% on an annual basis to ¥14.61 billion from ¥13.89 billion.

Reported net income came to ¥2.09 billion, or ¥2.34 per share, compared to ¥2.08 billion, or ¥2.32 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥3.07 per share, a decline of 27.4% from ¥4.23 per share in the prior year.

Normalized net income was ¥2.75 billion, a decrease of 27.4% from ¥3.79 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥33.04 billion from ¥34.00 billion, and total operating expenses grew year over year to ¥28.15 billion from ¥27.34 billion.

The company said reported net income declined 18.1% on an annual basis to ¥3.03 billion, or ¥3.38 per share, in the full year, from ¥3.70 billion, or ¥4.13 per share.

As of June 3, US$1 was equivalent to ¥124.14.