Linkbal Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to ¥10.77 per share, a decrease of 59.6% from ¥26.67 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.0 million, a decline of 56.3% from ¥80.0 million in the year-earlier period.
The normalized profit margin fell to 7.3% from 18.8% in the year-earlier period.
Total revenue climbed 12.9% year over year to ¥481.0 million from ¥426.0 million, and total operating expenses increased 48.0% year over year to ¥441.0 million from ¥298.0 million.
Reported net income declined 59.5% from the prior-year period to ¥32.0 million, or ¥9.85 per share, from ¥79.0 million, or ¥26.33 per share.
As of Feb. 10, US$1 was equivalent to ¥114.87.
