GMB Corp. its normalized net income for the fiscal first quarter ended June 30 came to ¥11.56 per share, a decrease of 74.2% from ¥44.81 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥60.3 million, a decline of 74.2% from ¥233.5 million in the year-earlier period.
The normalized profit margin dropped to 0.4% from 1.7% in the year-earlier period.
Total revenue climbed 15.6% year over year to ¥15.46 billion from ¥13.37 billion, and total operating expenses climbed 14.9% on an annual basis to ¥14.93 billion from ¥12.99 billion.
Reported net income decreased 40.8% year over year to ¥155.0 million, or ¥29.74 per share, from ¥262.0 million, or ¥50.27 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
