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JC Comsa fiscal Q1 profit falls YOY

JC Comsa Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥11.12 per share, a decrease of 33.6% from ¥16.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥91.3 million, a decrease of 33.6% from ¥137.5 million in the prior-year period.

The normalized profit margin declined to 2.2% from 3.4% in the year-earlier period.

Total revenue totaled ¥4.09 billion, compared with ¥4.06 billion in the prior-year period, and total operating expenses rose year over year to ¥3.96 billion from ¥3.84 billion.

Reported net income fell 36.1% from the prior-year period to ¥78.0 million, or ¥9.51 per share, from ¥122.0 million, or ¥14.87 per share.

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