Bookoff Corp. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥7.20 per share, a gain of 18.4% from ¥6.08 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥138.1 million, an increase of 22.1% from ¥113.1 million in the prior-year period.
The normalized profit margin rose to 0.7% from 0.6% in the year-earlier period.
Total revenue declined year over year to ¥18.79 billion from ¥19.50 billion, and total operating expenses decreased on an annual basis to ¥18.57 billion from ¥19.39 billion.
Reported net income decreased 29.4% from the prior-year period to ¥36.0 million, or ¥1.88 per share, from ¥51.0 million, or ¥2.74 per share.
As of Aug. 5, US$1 was equivalent to ¥102.85.
