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Yumemitsuketai fiscal Q1 profit falls YOY

Yumemitsuketai Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.05 per share, a decrease of 38.1% from ¥1.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.6 million, a decline of 37.0% from ¥16.9 million in the prior-year period.

The normalized profit margin dropped to 2.2% from 2.9% in the year-earlier period.

Total revenue fell 15.7% on an annual basis to ¥483.0 million from ¥573.0 million, and total operating expenses fell 13.2% year over year to ¥468.0 million from ¥539.0 million.

Reported net income decreased 32.9% year over year to ¥14.0 million, or ¥1.38 per share, from ¥20.9 million, or ¥2.02 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.