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Media Kobo fiscal Q1 profit falls YOY

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Media Kobo fiscal Q1 profit falls YOY

Media Kobo Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to 76 Japanese sen per share, a decline of 88.0% from ¥6.35 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.1 million, a decline of 88.1% from ¥68.1 million in the year-earlier period.

The normalized profit margin declined to 1.6% from 11.5% in the year-earlier period.

Total revenue fell 13.2% on an annual basis to ¥512.0 million from ¥590.0 million, and total operating expenses grew on an annual basis to ¥490.0 million from ¥479.0 million.

Reported net income came to a loss of ¥12.0 million, or a loss of ¥1.12 per share, compared to income of ¥56.1 million, or ¥5.23 per share, in the year-earlier period.

As of Jan. 8, US$1 was equivalent to ¥117.71.