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SECOM fiscal Q1 profit falls YOY

Secom Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥83.24 per share, a decline from ¥86.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.17 billion, a decrease from ¥18.77 billion in the year-earlier period.

The normalized profit margin fell to 8.5% from 9.5% in the year-earlier period.

Total revenue increased 7.5% on an annual basis to ¥213.13 billion from ¥198.20 billion, and total operating expenses grew 9.3% year over year to ¥183.11 billion from ¥167.53 billion.

Reported net income declined from the prior-year period to ¥20.05 billion, or ¥91.84 per share, from ¥20.52 billion, or ¥94.01 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.