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Scroll fiscal Q1 profit falls YOY

Scroll Corp. said its normalized net income for the fiscal first quarter ended June 30 was 36 Japanese sen per share, a decline of 98.1% from ¥19.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥12.1 million, a decrease of 98.1% from ¥641.8 million in the year-earlier period.

The normalized profit margin fell to 0.1% from 3.7% in the year-earlier period.

Total revenue fell 9.8% on an annual basis to ¥15.83 billion from ¥17.54 billion, and total operating expenses decreased from the prior-year period to ¥15.91 billion from ¥16.60 billion.

Reported net income totaled a loss of ¥51.0 million, or a loss of ¥1.54 per share, compared to income of ¥533.0 million, or ¥16.11 per share, in the prior-year period.

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