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Furukawa Battery fiscal Q1 profit falls YOY

4912422 said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.81 per share, a decline of 26.2% from ¥2.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.3 million, a decline of 26.2% from ¥80.3 million in the year-earlier period.

The normalized profit margin fell to 0.6% from 0.8% in the year-earlier period.

Total revenue rose on an annual basis to ¥10.27 billion from ¥9.94 billion, and total operating expenses grew from the prior-year period to ¥10.22 billion from ¥9.88 billion.

Reported net income fell from the prior-year period to ¥55.0 million, or ¥1.68 per share, from ¥56.0 million, or ¥1.71 per share.

s of Aug. 12, US$1 was equivalent to ¥102.19.Furukawa Battery Co. Ltd.

4912422 said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.81 per share, a decline of 26.2% from ¥2.45 per share in the prior-year period.