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WDI Corp. fiscal Q1 profit falls YOY

WDI Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.44 per share, a decrease of 86.3% from ¥10.54 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.1 million, a decline of 86.3% from ¥66.8 million in the prior-year period.

The normalized profit margin declined to 0.2% from 1.4% in the year-earlier period.

Total revenue rose 14.0% on an annual basis to ¥5.54 billion from ¥4.86 billion, and total operating expenses increased 13.7% on an annual basis to ¥5.42 billion from ¥4.76 billion.

Reported net income came to a loss of ¥67.0 million, or a loss of ¥10.58 per share, compared to income of ¥74.0 million, or ¥11.69 per share, in the prior-year period.

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