Youji Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥20.69 per share, a decrease of 8.6% from ¥22.63 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥120.6 million, a decrease of 8.1% from ¥131.3 million in the year-earlier period.

The normalized profit margin dropped to 8.1% from 9.2% in the year-earlier period.

Total revenue increased year over year to ¥1.49 billion from ¥1.43 billion, and total operating expenses climbed 6.9% from the prior-year period to ¥1.31 billion from ¥1.23 billion.

Reported net income fell year over year to ¥120.1 million, or ¥20.61 per share, from ¥124.1 million, or ¥21.40 per share.

As of July 31, US$1 was equivalent to ¥123.92.