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Murakami fiscal Q1 profit falls YOY

Murakami Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥44.45 per share, a decline of 15.3% from ¥52.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥574.9 million, a decline of 15.3% from ¥678.8 million in the prior-year period.

The normalized profit margin declined to 4.0% from 4.7% in the year-earlier period.

Total revenue decreased year over year to ¥14.33 billion from ¥14.53 billion, and total operating expenses came to ¥13.41 billion, compared with ¥13.41 billion in the prior-year period.

Reported net income fell 13.1% year over year to ¥687.0 million, or ¥53.12 per share, from ¥791.0 million, or ¥61.14 per share.

As of Aug. 5, US$1 was equivalent to ¥102.85.