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Ootoya Holdings fiscal Q1 profit falls YOY

Ootoya Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.25 per share, a decrease of 83.6% from ¥7.62 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.0 million, a decline of 83.6% from ¥54.8 million in the year-earlier period.

The normalized profit margin declined to 0.2% from 1.0% in the year-earlier period.

Total revenue increased 9.6% year over year to ¥5.84 billion from ¥5.33 billion, and total operating expenses rose 10.9% from the prior-year period to ¥5.81 billion from ¥5.24 billion.

Reported net income came to a loss of ¥62.0 million, or a loss of ¥8.64 per share, compared to income of ¥27.6 million, or ¥3.76 per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to ¥102.44.