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IKK fiscal Q1 profit falls YOY

IKK Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to ¥8.31 per share, a decline of 25.2% from ¥11.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥241.9 million, a decline of 24.4% from ¥320.0 million in the year-earlier period.

The normalized profit margin dropped to 6.6% from 8.7% in the year-earlier period.

Total revenue totaled ¥3.67 billion, compared with ¥3.66 billion in the prior-year period, and total operating expenses increased year over year to ¥3.29 billion from ¥3.15 billion.

Reported net income decreased 22.8% from the prior-year period to ¥233.4 million, or ¥8.01 per share, from ¥302.5 million, or ¥10.50 per share.

As of March 16, US$1 was equivalent to ¥121.30.