Aoki Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥14.63 per share, a decline of 41.3% from ¥24.93 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.33 billion, a decline of 35.4% from ¥2.07 billion in the year-earlier period.
The normalized profit margin declined to 3.0% from 4.9% in the year-earlier period.
Total revenue climbed 5.1% on an annual basis to ¥43.87 billion from ¥41.76 billion, and total operating expenses climbed 7.8% from the prior-year period to ¥41.75 billion from ¥38.73 billion.
Reported net income fell 12.7% on an annual basis to ¥1.56 billion, or ¥17.16 per share, from ¥1.79 billion, or ¥21.64 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
