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Ain Holdings fiscal Q1 profit falls YOY

4913588 said its normalized net income for the fiscal first quarter ended July 31 was ¥35.67 per share, a decrease of 26.7% from ¥48.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.13 billion, a decrease of 27.1% from ¥1.55 billion in the prior-year period.

The normalized profit margin declined to 2.6% from 3.8% in the year-earlier period.

Total revenue grew 5.2% year over year to ¥43.35 billion from ¥41.21 billion, and total operating expenses increased 7.3% year over year to ¥41.65 billion from ¥38.83 billion.

eported net income declined 33.8% on an annu Ain Holdings Inc.