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Cocokara fine fiscal Q1 profit falls YOY

cocokara fine Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥20.52 per share, a decrease of 67.1% from ¥62.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥521.9 million, a decrease of 67.1% from ¥1.59 billion in the prior-year period.

The normalized profit margin fell to 0.6% from 1.9% in the year-earlier period.

Total revenue fell year over year to ¥82.57 billion from ¥85.83 billion, and total operating expenses decreased year over year to ¥82.27 billion from ¥83.81 billion.

Reported net income fell 72.9% year over year to ¥355.0 million, or ¥13.96 per share, from ¥1.31 billion, or ¥51.50 per share.

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