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Plant Co. Ltd. fiscal Q1 profit falls YOY

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Plant Co. Ltd. fiscal Q1 profit falls YOY

Plant Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 20, 2014, amounted to ¥50.84 per share, a decline of 6.2% from ¥54.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥405.6 million, a decline of 6.2% from ¥432.5 million in the prior-year period.

The normalized profit margin fell to 2.0% from 2.2% in the year-earlier period.

Total revenue grew 7.3% on an annual basis to ¥20.79 billion from ¥19.37 billion, and total operating expenses increased 7.8% on an annual basis to ¥20.15 billion from ¥18.69 billion.

Reported net income fell year over year to ¥409.0 million, or ¥51.26 per share, from ¥429.0 million, or ¥53.77 per share.

As of Feb. 2, US$1 was equivalent to ¥117.28.