trending Market Intelligence /marketintelligence/en/news-insights/trending/tnDNJoLGe-Hu4fQg6D4U7A2 content esgSubNav
In This List

Sakai Holdings fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 72: Midyear Madness: A look the chaotic path and where it’s headed

Blog

Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?


Sakai Holdings fiscal Q3 profit falls YOY

Sakai Holdings Co.Ltd. said its normalized net income for the fiscal third quarter ended June 30 amounted to ¥6.53 per share, a decrease of 29.8% from ¥9.30 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥73.5 million, a decrease of 27.2% from ¥101.0 million in the year-earlier period.

The normalized profit margin fell to 1.9% from 2.8% in the year-earlier period.

Total revenue grew 9.0% year over year to ¥3.93 billion from ¥3.60 billion, and total operating expenses increased 8.8% from the prior-year period to ¥3.75 billion from ¥3.45 billion.

Reported net income fell 39.4% year over year to ¥48.5 million, or ¥4.31 per share, from ¥80.0 million, or ¥7.37 per share.

As of Aug. 10, US$1 was equivalent to ¥101.31.