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Central Japan Railway fiscal Q1 profit falls YOY

Central Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥380.39 per share, a decrease of 5.6% from ¥403.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥74.86 billion, a decline of 5.6% from ¥79.33 billion in the year-earlier period.

The normalized profit margin declined to 18.8% from 20.1% in the year-earlier period.

Total revenue came to ¥397.63 billion, compared with ¥394.72 billion in the year-earlier period, and total operating expenses increased 5.6% on an annual basis to ¥260.74 billion from ¥246.92 billion.

Reported net income came to ¥83.40 billion, or ¥423.76 per share, compared with ¥83.68 billion, or ¥425.21 per share, in the year-earlier period.

As of Aug. 6, US$1 was equivalent to ¥102.36.