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Adtec Plasma Technology fiscal Q1 profit falls YOY

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Adtec Plasma Technology fiscal Q1 profit falls YOY

Adtec Plasma Technology Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to ¥3.90 per share, a decrease of 73.5% from ¥14.72 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.5 million, a decline of 73.5% from ¥126.4 million in the year-earlier period.

The normalized profit margin fell to 2.8% from 9.8% in the year-earlier period.

Total revenue declined 6.3% on an annual basis to ¥1.21 billion from ¥1.29 billion, and total operating expenses increased year over year to ¥1.19 billion from ¥1.17 billion.

Reported net income declined 92.5% from the prior-year period to ¥10.0 million, or ¥1.16 per share, from ¥134.0 million, or ¥15.61 per share.

As of Jan. 14, US$1 was equivalent to ¥118.06.