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East Japan Railway fiscal Q1 profit falls YOY

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East Japan Railway fiscal Q1 profit falls YOY

East Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 came to ¥186.39 per share, a decline from ¥191.32 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥72.85 billion, a decline from ¥75.07 billion in the year-earlier period.

The normalized profit margin dropped to 10.4% from 10.9% in the year-earlier period.

Total revenue climbed on an annual basis to ¥698.02 billion from ¥687.91 billion, and total operating expenses grew from the prior-year period to ¥565.15 billion from ¥550.99 billion.

Reported net income totaled ¥79.97 billion, or ¥204.60 per share, compared with ¥79.23 billion, or ¥201.92 per share, in the year-earlier period.

As of Aug. 5, US$1 was equivalent to ¥101.87.