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Zoa Corp. fiscal Q1 profit falls YOY

Zoa Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥8.70 per share, a decrease from ¥9.00 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.1 million, a decrease from ¥18.8 million in the prior-year period.

The normalized profit margin climbed to 0.6% from 0.6% in the year-earlier period.

Total revenue fell on an annual basis to ¥2.81 billion from ¥2.92 billion, and total operating expenses declined year over year to ¥2.78 billion from ¥2.89 billion.

Reported net income increased 5.9% on an annual basis to ¥18.0 million, or ¥8.64 per share, from ¥17.0 million, or ¥8.16 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.