Yamae Hisano Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥8.94 per share, a decrease of 10.1% from ¥9.95 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥180.5 million, a decrease of 10.1% from ¥200.9 million in the prior-year period.
The normalized profit margin fell to 0.2% from 0.2% in the year-earlier period.
Total revenue rose on an annual basis to ¥83.23 billion from ¥81.91 billion, and total operating expenses grew on an annual basis to ¥83.07 billion from ¥81.72 billion.
Reported net income increased year over year to ¥545.0 million, or ¥27.00 per share, from ¥17.0 million, or 84 sen per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
