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Fine Sinter fiscal Q1 profit falls YOY

4250672 said its normalized net income for the fiscal first quarter ended June 30 was ¥16.78 per share, a decrease of 75.5% from ¥68.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥73.9 million, a decrease of 75.5% from ¥301.5 million in the prior-year period.

The normalized profit margin dropped to 0.8% from 3.4% in the year-earlier period.

Total revenue increased on an annual basis to ¥9.07 billion from ¥8.87 billion, and total operating expenses climbed 6.6% from the prior-year period to ¥8.95 billion from ¥8.39 billion.

Reported net income decreased 97.5% on an annual basis to ¥9.0 million, or ¥2.04 per share, from ¥354.0 million, or ¥80.36 per share.

s of Aug. 8, US$1 was equivalent to ¥101.85.Fine Sinter Co. Ltd.

4250672 said its normalized net income for the fiscal first quarter ended June 30 was ¥16.78 per share, a decrease of 75.5% from ¥68.45 per share in the prior-year period.