Belluna Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥9.15 per share, a decline of 45.5% from ¥16.80 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥890.0 million, a decrease of 45.5% from ¥1.63 billion in the year-earlier period.
The normalized profit margin declined to 2.7% from 4.4% in the year-earlier period.
Total revenue decreased 10.8% year over year to ¥33.07 billion from ¥37.07 billion, and total operating expenses declined 8.2% year over year to ¥31.96 billion from ¥34.81 billion.
Reported net income decreased 44.0% from the prior-year period to ¥874.0 million, or ¥8.99 per share, from ¥1.56 billion, or ¥16.04 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
