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Yonkyu fiscal Q1 profit falls YOY

Yonkyu Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥24.41 per share, a decline of 20.3% from ¥30.65 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥281.3 million, a decline of 20.4% from ¥353.1 million in the year-earlier period.

The normalized profit margin dropped to 2.8% from 3.7% in the year-earlier period.

Total revenue climbed on an annual basis to ¥9.88 billion from ¥9.65 billion, and total operating expenses grew on an annual basis to ¥9.48 billion from ¥9.15 billion.

Reported net income declined 12.7% from the prior-year period to ¥219.0 million, or ¥19.01 per share, from ¥251.0 million, or ¥21.78 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.