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JP-Holdings Inc. fiscal Q1 profit falls YOY

JP-Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥1.73 per share, a decline of 28.0% from ¥2.40 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥144.4 million, a decrease of 28.0% from ¥200.6 million in the year-earlier period.

The normalized profit margin declined to 3.4% from 5.5% in the year-earlier period.

Total revenue increased 15.2% year over year to ¥4.23 billion from ¥3.67 billion, and total operating expenses increased 16.3% from the prior-year period to ¥4.03 billion from ¥3.47 billion.

Reported net income fell 19.8% from the prior-year period to ¥158.0 million, or ¥1.89 per share, from ¥197.0 million, or ¥2.36 per share.

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