Yamaya Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥27.87 per share, a decline of 41.0% from ¥47.21 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥302.1 million, a decline of 41.0% from ¥511.9 million in the year-earlier period.
The normalized profit margin declined to 0.8% from 1.7% in the year-earlier period.
Total revenue climbed 27.3% year over year to ¥38.22 billion from ¥30.02 billion, and total operating expenses climbed 27.7% from the prior-year period to ¥37.32 billion from ¥29.22 billion.
Reported net income fell 70.2% from the prior-year period to ¥148.0 million, or ¥13.65 per share, from ¥497.0 million, or ¥45.84 per share.
As of Aug. 14, US$1 was equivalent to ¥102.44.
