Shimamura Co. Ltd. said its normalized net income for the fiscal first quarter ended May 20 came to ¥150.49 per share, a decline of 12.6% from ¥172.19 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.53 billion, a decrease of 12.6% from ¥6.33 billion in the year-earlier period.
The normalized profit margin declined to 4.4% from 5.3% in the year-earlier period.
Total revenue rose year over year to ¥126.18 billion from ¥120.41 billion, and total operating expenses climbed 6.1% year over year to ¥117.55 billion from ¥110.81 billion.
Reported net income declined 13.4% year over year to ¥5.24 billion, or ¥142.64 per share, from ¥6.05 billion, or ¥164.62 per share.
As of June 30, US$1 was equivalent to ¥101.30.
