trending Market Intelligence /marketintelligence/en/news-insights/trending/mBbE8ayfRIiMQC2ki7ti0g2 content esgSubNav
In This List

CVS Bay Area fiscal Q1 profit falls YOY

Blog

Corporate Credit Risk Trends in Developing Markets: An Expected Credit Loss (ECL) Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


CVS Bay Area fiscal Q1 profit falls YOY

CVS Bay Area Inc. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥2.15 per share, a decrease of 62.2% from ¥5.70 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 decline of 62.2% from ¥28.1 million in the year-earlier period.

The normalized profit margin fell to 0.1% from 0.4% in the year-earlier period.

Total revenue decreased on an annual basis to ¥7.44 billion from ¥7.54 billion, and total operating expenses fell from the prior-year period to ¥7.40 billion from ¥7.51 billion.

Reported net income decreased 62.6% on an annual basis to ¥34.0 million, or ¥6.89 per share, from ¥91.0 million, or ¥18.43 per share.

As of July 14, US$1 was equivalent to ¥101.58.