Komehyo Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥16.31 per share, a decrease of 60.2% from ¥40.96 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥178.8 million, a decline of 60.2% from ¥448.8 million in the prior-year period.
The normalized profit margin dropped to 2.0% from 4.8% in the year-earlier period.
Total revenue declined on an annual basis to ¥8.98 billion from ¥9.34 billion, and total operating expenses totaled ¥8.69 billion, compared with ¥8.62 billion in the prior-year period.
Reported net income decreased 64.8% on an annual basis to ¥154.0 million, or ¥14.06 per share, from ¥438.0 million, or ¥39.98 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
