Nittoh Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥9.56 per share, a decrease of 36.7% from ¥15.10 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.8 million, a decline of 36.7% from ¥61.3 million in the year-earlier period.
The normalized profit margin declined to 2.3% from 3.8% in the year-earlier period.
Total revenue grew year over year to ¥1.67 billion from ¥1.62 billion, and total operating expenses rose 6.0% from the prior-year period to ¥1.61 billion from ¥1.52 billion.
Reported net income decreased 37.7% year over year to ¥33.0 million, or ¥8.14 per share, from ¥53.0 million, or ¥13.07 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
