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Oriental Land fiscal Q1 profit falls YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥45.77 per share, a decrease from ¥46.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.87 billion, a decrease from ¥16.29 billion in the year-earlier period.

The normalized profit margin climbed to 15.2% from 15.2% in the year-earlier period.

Total revenue fell year over year to ¥104.24 billion from ¥107.06 billion, and total operating expenses fell on an annual basis to ¥79.46 billion from ¥81.20 billion.

Reported net income rose 5.3% from the prior-year period to ¥17.21 billion, or ¥49.62 per share, from ¥16.35 billion, or ¥47.01 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.