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Freesia Macross fiscal Q1 profit falls YOY

Freesia Macross Corp. said its normalized net income for the fiscal first quarter ended June 30 was 9 Japanese sen per share, a decrease of 12.3% from 11 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥42.0 million, a decrease of 12.3% from ¥47.9 million in the year-earlier period.

The normalized profit margin fell to 1.8% from 2.2% in the year-earlier period.

Total revenue rose 9.9% on an annual basis to ¥2.37 billion from ¥2.16 billion, and total operating expenses grew 10.7% year over year to ¥2.40 billion from ¥2.17 billion.

Reported net income came to a loss of ¥20.0 million, or a loss of 4 sen per share, compared to income of ¥16.0 million, or 4 sen per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥102.44.