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Kuraudia fiscal Q1 profit falls YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, was ¥47.66 per share, a decline of 8.5% from ¥52.09 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥436.9 million, a decline of 8.5% from ¥477.5 million in the prior-year period.

The normalized profit margin rose to 10.8% from 10.8% in the year-earlier period.

Total revenue fell 8.9% year over year to ¥4.04 billion from ¥4.44 billion, and total operating expenses decreased 9.3% year over year to ¥3.35 billion from ¥3.70 billion.

Reported net income decreased on an annual basis to ¥466.0 million, or ¥50.84 per share, from ¥484.0 million, or ¥52.80 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.