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Kuraudia fiscal Q1 profit falls YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to ¥48.61 per share, a gain from ¥47.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥421.3 million, a decrease from ¥436.9 million in the prior-year period.

The normalized profit margin fell to 10.0% from 10.8% in the year-earlier period.

Total revenue rose year over year to ¥4.19 billion from ¥4.04 billion, and total operating expenses climbed 5.2% on an annual basis to ¥3.53 billion from ¥3.35 billion.

Reported net income fell 14.2% from the prior-year period to ¥400.0 million, or ¥46.16 per share, from ¥466.0 million, or ¥50.84 per share.

As of Jan. 14, US$1 was equivalent to ¥118.06.