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Uoriki fiscal Q1 profit falls YOY

Uoriki Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥17.30 per share, a decrease from ¥17.60 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥245.5 million, a decline from ¥255.0 million in the year-earlier period.

The normalized profit margin declined to 3.5% from 4.0% in the year-earlier period.

Total revenue grew 8.1% year over year to ¥6.93 billion from ¥6.41 billion, and total operating expenses grew 7.9% on an annual basis to ¥6.56 billion from ¥6.08 billion.

Reported net income grew 50.0% year over year to ¥261.0 million, or ¥18.40 per share, from ¥174.0 million, or ¥12.01 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.