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Kotobuki Spirits fiscal Q1 profit falls YOY

Kotobuki Spirits Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥4.12 per share, a decline of 22.6% from ¥5.32 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥128.1 million, a decrease of 22.6% from ¥165.6 million in the prior-year period.

The normalized profit margin dropped to 2.6% from 3.2% in the year-earlier period.

Total revenue decreased year over year to ¥5.00 billion from ¥5.18 billion, and total operating expenses decreased from the prior-year period to ¥4.80 billion from ¥4.92 billion.

Reported net income declined 16.5% from the prior-year period to ¥111.0 million, or ¥3.57 per share, from ¥133.0 million, or ¥4.27 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.