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Beauty Kadan fiscal Q3 profit falls YOY

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Beauty Kadan fiscal Q3 profit falls YOY

Beauty Kadan Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to ¥6.10 per share, a decline of 8.5% from ¥6.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.6 million, a decrease of 8.9% from ¥28.1 million in the prior-year period.

The normalized profit margin increased to 1.7% from 1.6% in the year-earlier period.

Total revenue declined 17.1% year over year to ¥1.48 billion from ¥1.79 billion, and total operating expenses fell 16.2% from the prior-year period to ¥1.45 billion from ¥1.73 billion.

Reported net income declined 20.8% year over year to ¥19.0 million, or ¥4.52 per share, from ¥24.0 million, or ¥5.69 per share.

As of May 13, US$1 was equivalent to ¥109.14.