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Mac-House fiscal Q1 profit falls YOY

Mac-House Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥6.68 per share, a decrease of 78.1% from ¥30.47 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥102.5 million, a decline of 78.0% from ¥466.9 million in the prior-year period.

The normalized profit margin declined to 1.1% from 5.0% in the year-earlier period.

Total revenue fell year over year to ¥9.06 billion from ¥9.38 billion, and total operating expenses increased from the prior-year period to ¥8.95 billion from ¥8.68 billion.

Reported net income decreased 89.5% from the prior-year period to ¥45.0 million, or ¥2.93 per share, from ¥428.0 million, or ¥27.93 per share.

As of July 11, US$1 was equivalent to ¥101.30.