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C'bon Cosmetics fiscal Q1 profit falls YOY

C'bon Cosmetics Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥3.61 per share, a decrease of 92.7% from ¥49.55 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥14.4 million, a decline of 92.9% from ¥203.1 million in the year-earlier period.

The normalized profit margin dropped to 0.4% from 5.5% in the year-earlier period.

Total revenue fell 9.7% year over year to ¥3.32 billion from ¥3.68 billion, and total operating expenses decreased on an annual basis to ¥3.31 billion from ¥3.37 billion.

Reported net income fell 100.0% on an annual basis to ¥39,870, or 1 sen per share, from ¥230.0 million, or ¥56.11 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.