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Toho fiscal Q1 profit falls YOY

Toho Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 amounted to ¥31.69 per share, a decrease of 15.2% from ¥37.36 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥346.0 million, a decline of 15.2% from ¥408.0 million in the year-earlier period.

The normalized profit margin fell to 0.7% from 0.8% in the year-earlier period.

Total revenue climbed year over year to ¥50.29 billion from ¥49.03 billion, and total operating expenses increased from the prior-year period to ¥49.69 billion from ¥48.34 billion.

Reported net income fell 27.9% on an annual basis to ¥238.0 million, or ¥21.80 per share, from ¥330.0 million, or ¥30.22 per share.

As of June 13, US$1 was equivalent to ¥102.08.