trending Market Intelligence /marketintelligence/en/news-insights/trending/Nl2KgRB3TQzesk-cbPs80A2 content esgSubNav
In This List

Renown fiscal Q1 profit falls YOY


Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin


MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Case Study

A Large Latin American Multilateral Development Bank Accurately Estimates Capital Requirements

Renown fiscal Q1 profit falls YOY

Renown Inc. said its normalized net income for the fiscal first quarter ended May 31 came to ¥4.70 per share, a decrease of 27.1% from ¥6.45 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥475.3 million, a decrease of 8.8% from ¥521.0 million in the year-earlier period.

The normalized profit margin declined to 2.9% from 3.1% in the year-earlier period.

Total revenue decreased on an annual basis to ¥16.22 billion from ¥16.98 billion, and total operating expenses fell on an annual basis to ¥15.53 billion from ¥16.25 billion.

Reported net income decreased 9.0% year over year to ¥717.0 million, or ¥7.09 per share, from ¥788.0 million, or ¥9.75 per share.

As of July 15, US$1 was equivalent to ¥101.70.