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Central Sports Co. fiscal Q1 profit falls YOY

Central Sports Co. said its normalized net income for the fiscal first quarter ended June 30 was ¥33.52 per share, a decrease of 14.5% from ¥39.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥384.4 million, a decline of 14.5% from ¥449.4 million in the year-earlier period.

The normalized profit margin fell to 3.1% from 3.9% in the year-earlier period.

Total revenue rose 8.9% on an annual basis to ¥12.48 billion from ¥11.46 billion, and total operating expenses climbed 10.6% from the prior-year period to ¥11.75 billion from ¥10.62 billion.

Reported net income declined 9.8% year over year to ¥379.0 million, or ¥33.05 per share, from ¥420.0 million, or ¥36.63 per share.

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