PCI Holdings Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to ¥29.10 per share, a decrease of 20.5% from ¥36.63 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥100.0 million, compared with ¥100.0 million in the year-earlier period.
The normalized profit margin declined to 4.8% from 5.1% in the year-earlier period.
Total revenue increased year over year to ¥2.06 billion from ¥1.97 billion, and total operating expenses rose 5.1% from the prior-year period to ¥1.90 billion from ¥1.81 billion.
Reported net income grew 14.1% on an annual basis to ¥105.0 million, or ¥30.55 per share, from ¥92.0 million, or ¥33.70 per share.
As of Feb. 12, US$1 was equivalent to ¥112.83.
