S.T. Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to 74 Japanese sen per share, a decline of 86.8% from ¥5.62 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.3 million, a decline of 86.7% from ¥122.1 million in the year-earlier period.
The normalized profit margin declined to 0.2% from 1.3% in the year-earlier period.
Total revenue rose on an annual basis to ¥9.66 billion from ¥9.43 billion, and total operating expenses climbed year over year to ¥9.50 billion from ¥9.34 billion.
Reported net income declined 90.1% on an annual basis to ¥15.3 million, or 69 sen per share, from ¥155.0 million, or ¥7.14 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
