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Daimaru Enawin fiscal Q1 profit falls YOY

Daimaru Enawin Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥14.84 per share, a decrease of 30.1% from ¥21.23 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥116.3 million, a decrease of 30.1% from ¥166.3 million in the prior-year period.

The normalized profit margin dropped to 2.8% from 4.3% in the year-earlier period.

Total revenue grew 8.4% year over year to ¥4.22 billion from ¥3.89 billion, and total operating expenses grew 11.1% year over year to ¥4.04 billion from ¥3.64 billion.

Reported net income decreased 31.0% year over year to ¥100.0 million, or ¥12.77 per share, from ¥145.0 million, or ¥18.52 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.