Mamiya-OP Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥14.75 per share, a decline of 53.2% from ¥31.51 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥138.1 million, a decline of 53.2% from ¥294.9 million in the year-earlier period.
The normalized profit margin dropped to 2.3% from 6.2% in the year-earlier period.
Total revenue climbed 25.0% on an annual basis to ¥5.91 billion from ¥4.73 billion, and total operating expenses climbed 29.6% on an annual basis to ¥5.67 billion from ¥4.38 billion.
Reported net income declined 55.1% on an annual basis to ¥140.4 million, or ¥15.00 per share, from ¥312.5 million, or ¥33.40 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
