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Shaklee Global fiscal Q1 profit falls YOY

Shaklee Global Group Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥917.00 per share, an increase of 43.6% from ¥638.37 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.35 billion, a decrease of 14.0% from ¥1.57 billion in the prior-year period.

The normalized profit margin fell to 11.0% from 14.1% in the year-earlier period.

Total revenue rose 10.2% on an annual basis to ¥12.34 billion from ¥11.20 billion, and total operating expenses increased 10.1% year over year to ¥9.71 billion from ¥8.81 billion.

Reported net income rose 7.4% from the prior-year period to ¥1.30 billion, or ¥882.90 per share, from ¥1.21 billion, or ¥492.10 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.