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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.