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Karula fiscal Q1 profit falls YOY

Karula Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 was ¥13.01 per share, a decrease from ¥13.32 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥78.1 million, a decline from ¥80.0 million in the prior-year period.

The normalized profit margin dropped to 3.7% from 4.0% in the year-earlier period.

Total revenue grew year over year to ¥2.09 billion from ¥2.02 billion, and total operating expenses grew from the prior-year period to ¥1.97 billion from ¥1.90 billion.

Reported net income decreased 9.5% from the prior-year period to ¥67.0 million, or ¥11.15 per share, from ¥74.0 million, or ¥12.32 per share.

As of July 13, US$1 was equivalent to ¥123.47.