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Toyoda Gosei profit holds mostly steady YOY in fiscal Q1

Toyoda Gosei Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥39.81 per share, compared with ¥39.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.15 billion, compared with ¥5.16 billion in the year-earlier period.

The normalized profit margin climbed to 3.1% from 3.0% in the year-earlier period.

Total revenue decreased year over year to ¥167.40 billion from ¥169.52 billion, and total operating expenses came to ¥159.15 billion, compared with ¥159.52 billion in the year-earlier period.

Reported net income grew 5.8% on an annual basis to ¥6.34 billion, or ¥49.00 per share, from ¥6.00 billion, or ¥46.33 per share.

As of Aug. 7, US$1 was equivalent to ¥102.16.