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Rock Field fiscal Q1 profit falls YOY

Rock Field Co. Ltd. said its normalized net income for the fiscal first quarter ended July 31 was ¥7.53 per share, a decrease of 16.7% from ¥9.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥200.0 million, a decrease of 16.7% from ¥240.0 million in the prior-year period.

The normalized profit margin fell to 1.7% from 2.0% in the year-earlier period.

Total revenue decreased on an annual basis to ¥11.77 billion from ¥12.10 billion, and total operating expenses declined on an annual basis to ¥11.47 billion from ¥11.71 billion.

Reported net income declined 11.5% on an annual basis to ¥184.0 million, or ¥6.93 per share, from ¥208.0 million, or ¥7.83 per share.

As of Sept. 12, US$1 was equivalent to ¥107.36.