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Shirohato fiscal Q1 profit falls YOY

4916140 said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to ¥2.79 per share, a decline of 40.4% from ¥4.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.6 million, a decrease of 29.2% from ¥15.0 million in the year-earlier period.

The normalized profit margin declined to 1.2% from 1.8% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to ¥910.0 million from ¥830.0 million, and total operating expenses grew 11.5% from the prior-year period to ¥891.0 million from ¥799.0 million.

eported net income fell 37.5% from the prior Shirohato Co. Ltd..