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Daytona Q1 profit falls YOY

Daytona Corp. said its normalized net income for the first quarter amounted to ¥1.07 per share, a decline of 84.4% from ¥6.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.3 million, a decrease of 84.5% from ¥14.5 million in the year-earlier period.

The normalized profit margin fell to 0.2% from 1.1% in the year-earlier period.

Total revenue fell 9.0% year over year to ¥1.17 billion from ¥1.29 billion, and total operating expenses fell 7.3% from the prior-year period to ¥1.17 billion from ¥1.27 billion.

Reported net income came to a loss of ¥6.0 million, or a loss of ¥2.85 per share, compared to income of ¥10.0 million, or ¥4.73 per share, in the prior-year period.

As of May 12, US$1 was equivalent to ¥119.88.