Welcia Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to ¥17.93 per share, a decrease of 32.6% from ¥26.60 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.58 billion, a decrease of 21.1% from ¥2.00 billion in the year-earlier period.
The normalized profit margin fell to 1.7% from 2.4% in the year-earlier period.
Total revenue increased 10.4% year over year to ¥93.85 billion from ¥85.04 billion, and total operating expenses rose 12.1% from the prior-year period to ¥91.67 billion from ¥81.81 billion.
Reported net income declined 7.5% on an annual basis to ¥1.69 billion, or ¥19.17 per share, from ¥1.82 billion, or ¥24.25 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
