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Delica Foods Holdings fiscal Q1 profit falls YOY


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Delica Foods Holdings fiscal Q1 profit falls YOY

Delica Foods Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥17.18 per share, a decline of 19.2% from ¥21.27 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥105.0 million, a decline of 18.0% from ¥128.1 million in the year-earlier period.

The normalized profit margin fell to 1.5% from 2.0% in the year-earlier period.

Total revenue grew 8.8% on an annual basis to ¥6.80 billion from ¥6.25 billion, and total operating expenses climbed 9.9% year over year to ¥6.64 billion from ¥6.05 billion.

Reported net income fell 15.7% on an annual basis to ¥101.0 million, or ¥16.53 per share, from ¥119.8 million, or ¥19.89 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.