Konaka Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥23.39 per share, a decline of 10.1% from ¥26.01 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥681.3 million, a decline of 10.1% from ¥757.5 million in the year-earlier period.
The normalized profit margin declined to 3.9% from 4.4% in the year-earlier period.
Total revenue totaled ¥17.43 billion, compared with ¥17.27 billion in the year-earlier period, and total operating expenses climbed year over year to ¥16.44 billion from ¥16.18 billion.
Reported net income decreased 9.6% on an annual basis to ¥1.13 billion, or ¥38.74 per share, from ¥1.25 billion, or ¥42.86 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
