trending Market Intelligence /marketintelligence/en/news-insights/trending/Eq9gyo6rLdPqp0ip3MYFPw2 content esgSubNav
In This List

OM2 Network fiscal Q1 profit falls YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


OM2 Network fiscal Q1 profit falls YOY

OM2 Network Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 came to ¥36.77 per share, compared with ¥37.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥250.6 million, compared with ¥253.1 million in the year-earlier period.

The normalized profit margin dropped to 2.9% from 3.0% in the year-earlier period.

Total revenue grew year over year to ¥8.57 billion from ¥8.38 billion, and total operating expenses climbed from the prior-year period to ¥8.23 billion from ¥8.01 billion.

Reported net income increased 8.4% from the prior-year period to ¥233.0 million, or ¥34.18 per share, from ¥215.0 million, or ¥31.54 per share.

As of June 13, US$1 was equivalent to ¥102.08.