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Noevir Holdings fiscal Q2 profit falls YOY

Noevir Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 was ¥19.12 per share, a decrease of 44.0% from ¥34.16 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥678.3 million, a decrease of 47.0% from ¥1.28 billion in the prior-year period.

The normalized profit margin declined to 6.2% from 10.8% in the year-earlier period.

Total revenue decreased 7.7% year over year to ¥10.88 billion from ¥11.79 billion, and total operating expenses came to ¥9.82 billion, compared with ¥9.76 billion in the year-earlier period.

Reported net income declined 62.5% from the prior-year period to ¥377.0 million, or ¥10.63 per share, from ¥1.00 billion, or ¥26.81 per share.

As of May 12, US$1 was equivalent to ¥119.88.