4912647 said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥13.32 per share, a decrease of 20.0% from ¥16.65 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥80.0 million, a decrease of 20.0% from ¥100.0 million in the prior-year period.

The normalized profit margin dropped to 4.0% from 5.1% in the year-earlier period.

Total revenue rose year over year to ¥2.02 billion from ¥1.96 billion, and total operating expenses grew 5.7% year over year to ¥1.90 billion from ¥1.80 billion.

Reported net income declined 5.1% year over year to ¥74.0 million, or ¥12.32 per share, from ¥78.0 million, or ¥12.98 per share.

s of July 11, US$1 was equivalent to ¥101.30.Karula Co. Ltd.

4912647 said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥13.32 per share, a decrease of 20.0% from ¥16.65 per share in the year-earlier period.