Shikibo Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥18.34 per share, a decline of 18.9% from ¥22.62 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥216.4 million, a decrease of 18.9% from ¥266.9 million in the year-earlier period.
The normalized profit margin dropped to 1.9% from 2.4% in the year-earlier period.
Total revenue rose 5.9% on an annual basis to ¥11.67 billion from ¥11.02 billion, and total operating expenses increased 5.8% on an annual basis to ¥11.05 billion from ¥10.45 billion.
Reported net income increased from the prior-year period to ¥206.0 million, or ¥17.46 per share, from ¥198.0 million, or ¥16.78 per share.
As of Aug. 14, US$1 was equivalent to ¥102.44.
