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BEAUTY GARAGE fiscal Q3 profit falls YOY

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BEAUTY GARAGE fiscal Q3 profit falls YOY

BEAUTY GARAGE Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to ¥3.34 per share, a decline of 64.0% from ¥9.27 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.6 million, a decrease of 63.4% from ¥56.4 million in the prior-year period.

The normalized profit margin dropped to 1.1% from 3.3% in the year-earlier period.

Total revenue climbed 9.2% year over year to ¥1.86 billion from ¥1.70 billion, and total operating expenses grew 12.5% on an annual basis to ¥1.82 billion from ¥1.62 billion.

Reported net income decreased 67.1% on an annual basis to ¥16.8 million, or ¥2.73 per share, from ¥51.2 million, or ¥8.42 per share.

As of March 14, US$1 was equivalent to ¥113.59.