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Yamato International fiscal Q1 profit falls YOY

4252602 said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to ¥11.59 per share, a decrease of 8.8% from ¥12.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥246.9 million, a decrease of 8.8% from ¥270.6 million in the year-earlier period.

The normalized profit margin dropped to 4.3% from 4.4% in the year-earlier period.

Total revenue declined 5.7% on an annual basis to ¥5.77 billion from ¥6.12 billion, and total operating expenses decreased 5.0% year over year to ¥5.41 billion from ¥5.70 billion.

Reported net income fell 9.4% from the prior-year period to ¥222.0 million, or ¥10.42 per share, from ¥245.0 million, or ¥11.50 per share.

s of Jan. 14, US$1 was equivalent to ¥116.84.Yamato International Inc.

4252602 said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to ¥11.59 per share, a decrease of 8.8% from ¥12.70 per share in the prior-year period.