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Choushimaru fiscal Q1 profit falls YOY

Choushimaru Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 15 came to ¥57.91 per share, a decrease of 24.0% from ¥76.21 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥168.1 million, a decline of 24.0% from ¥221.3 million in the prior-year period.

The normalized profit margin fell to 3.6% from 4.8% in the year-earlier period.

Total revenue came to ¥4.63 billion, compared with ¥4.59 billion in the year-earlier period, and total operating expenses climbed year over year to ¥4.38 billion from ¥4.25 billion.

Reported net income declined 19.9% from the prior-year period to ¥157.0 million, or ¥54.08 per share, from ¥196.0 million, or ¥67.52 per share.

As of Sept. 29, US$1 was equivalent to ¥109.38.