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Arata Corp. fiscal Q1 profit falls YOY

Arata Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥7.54 per share, a decrease of 79.8% from ¥37.27 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥116.3 million, a decrease of 79.8% from ¥574.6 million in the year-earlier period.

The normalized profit margin declined to 0.1% from 0.4% in the year-earlier period.

Total revenue decreased 5.1% on an annual basis to ¥152.93 billion from ¥161.23 billion, and total operating expenses declined year over year to ¥152.75 billion from ¥160.32 billion.

As of Aug. 7, US$1 was equivalent to ¥102.16.