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E'grand fiscal Q1 profit falls YOY

4984824 said its normalized net income for the fiscal first quarter ended June 30 came to ¥18.68 per share, a decrease of 6.4% from ¥19.95 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥119.4 million, a decline of 5.9% from ¥126.9 million in the year-earlier period.

The normalized profit margin dropped to 3.0% from 3.9% in the year-earlier period.

Total revenue climbed 20.4% on an annual basis to ¥3.95 billion from ¥3.28 billion, and total operating expenses increased 22.6% year over year to ¥3.71 billion from ¥3.02 billion.

eported net income fell year over year to ¥1 e'grand Co.Ltd.