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Tsukiji Uoichiba fiscal Q1 profit falls YOY

Tsukiji Uoichiba Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥17.26 per share, a decline of 12.7% from ¥19.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.8 million, a decrease of 12.7% from ¥44.4 million in the prior-year period.

The normalized profit margin fell to 0.2% from 0.2% in the year-earlier period.

Total revenue came to ¥19.51 billion, compared with ¥19.63 billion in the prior-year period, and total operating expenses came to ¥19.46 billion, compared with ¥19.57 billion in the year-earlier period.

Reported net income fell 69.0% on an annual basis to ¥58.0 million, or ¥25.84 per share, from ¥187.0 million, or ¥83.31 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.