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Zetton fiscal Q1 profit falls YOY

Zetton Inc. said its normalized net income for the fiscal first quarter ended May 31 came to ¥1.45 per share, a decrease of 83.1% from ¥8.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.3 million, a decrease of 83.1% from ¥36.9 million in the prior-year period.

The normalized profit margin fell to 0.3% from 1.9% in the year-earlier period.

Total revenue increased 19.7% year over year to ¥2.31 billion from ¥1.93 billion, and total operating expenses climbed 22.8% on an annual basis to ¥2.32 billion from ¥1.89 billion.

Reported net income totaled a loss of ¥3.0 million, or a loss of 70 sen per share, compared to income of ¥30.0 million, or ¥6.79 per share, in the year-earlier period.

As of July 15, US$1 was equivalent to ¥101.70.