Muraki Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥12.76 per share, a decrease of 53.1% from ¥27.21 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.1 million, a decrease of 54.7% from ¥40.0 million in the prior-year period.
The normalized profit margin dropped to 0.9% from 1.8% in the year-earlier period.
Total revenue declined 7.5% on an annual basis to ¥2.10 billion from ¥2.27 billion, and total operating expenses decreased 6.2% from the prior-year period to ¥2.09 billion from ¥2.22 billion.
Reported net income decreased 76.8% year over year to ¥13.0 million, or ¥9.16 per share, from ¥56.0 million, or ¥38.10 per share.
As of Aug. 11, US$1 was equivalent to ¥102.12.
