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Nojima fiscal Q1 profit falls YOY

Nojima Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥3.01 per share, a decrease of 84.7% from ¥19.67 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥143.1 million, a decrease of 81.0% from ¥755.0 million in the prior-year period.

The normalized profit margin declined to 0.3% from 1.6% in the year-earlier period.

Total revenue fell year over year to ¥46.77 billion from ¥48.15 billion, and total operating expenses came to ¥46.96 billion, compared with ¥47.33 billion in the year-earlier period.

Reported net income fell 79.0% on an annual basis to ¥137.5 million, or ¥2.90 per share, from ¥655.8 million, or ¥17.09 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.