Ichikoh Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥2.24 per share, a decrease of 53.5% from ¥4.83 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥215.3 million, a decline of 53.5% from ¥462.9 million in the year-earlier period.
The normalized profit margin fell to 1.0% from 2.3% in the year-earlier period.
Total revenue rose 6.0% year over year to ¥21.34 billion from ¥20.13 billion, and total operating expenses climbed 6.8% year over year to ¥21.08 billion from ¥19.74 billion.
Reported net income decreased 70.9% on an annual basis to ¥187.0 million, or ¥1.95 per share, from ¥643.0 million, or ¥6.70 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
