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Miroku fiscal Q1 profit falls YOY

4914473 said its normalized net income for the fiscal first quarter ended Jan. 31 came to ¥9.07 per share, a decrease of 29.4% from ¥12.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥131.9 million, a decrease of 29.4% from ¥186.9 million in the year-earlier period.

The normalized profit margin dropped to 4.8% from 6.1% in the year-earlier period.

Total revenue decreased 10.2% on an annual basis to ¥2.73 billion from ¥3.04 billion, and total operating expenses declined 10.5% year over year to ¥2.56 billion from ¥2.86 billion.

eported net income fell 48.3% on an annual ba Miroku Corp..