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Tohto Suisan fiscal Q1 profit falls YOY

Tohto Suisan Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥59.53 per share, a decline of 19.5% from ¥73.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥236.9 million, a decline of 19.5% from ¥294.4 million in the year-earlier period.

The normalized profit margin fell to 0.8% from 1.0% in the year-earlier period.

Total revenue came to ¥28.95 billion, compared with ¥28.87 billion in the year-earlier period, and total operating expenses totaled ¥28.64 billion, compared with ¥28.43 billion in the year-earlier period.

Reported net income decreased 27.4% on an annual basis to ¥265.0 million, or ¥66.60 per share, from ¥365.0 million, or ¥91.71 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.