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Ichirokudo fiscal Q1 profit falls YOY

Ichirokudo Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥10.08 per share, a decline of 16.6% from ¥12.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥96.3 million, a decline of 16.3% from ¥115.0 million in the prior-year period.

The normalized profit margin fell to 4.2% from 5.0% in the year-earlier period.

Total revenue totaled ¥2.32 billion, compared with ¥2.31 billion in the prior-year period, and total operating expenses totaled ¥2.19 billion, compared with ¥2.19 billion in the year-earlier period.

Reported net income decreased 26.5% on an annual basis to ¥84.8 million, or ¥8.80 per share, from ¥115.4 million, or ¥12.13 per share.

As of July 14, US$1 was equivalent to ¥101.58.