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Moonbat fiscal Q1 profit falls YOY

Moonbat Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥72.85 per share, compared with ¥72.63 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥361.9 million, a decline from ¥379.4 million in the prior-year period.

The normalized profit margin rose to 8.7% from 8.5% in the year-earlier period.

Total revenue fell 6.0% year over year to ¥4.18 billion from ¥4.45 billion, and total operating expenses declined 5.9% from the prior-year period to ¥3.64 billion from ¥3.87 billion.

Reported net income fell year over year to ¥373.0 million, or ¥75.09 per share, from ¥382.0 million, or ¥73.14 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.