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Daisui fiscal Q1 profit falls YOY

Daisui Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 64 Japanese sen per share, a decline of 83.9% from ¥3.96 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.8 million, a decrease of 83.9% from ¥54.4 million in the year-earlier period.

The normalized profit margin declined to 0.0% from 0.2% in the year-earlier period.

Total revenue decreased on an annual basis to ¥30.59 billion from ¥31.02 billion, and total operating expenses decreased year over year to ¥30.62 billion from ¥30.96 billion.

Reported net income decreased 84.7% on an annual basis to ¥15.0 million, or ¥1.09 per share, from ¥98.0 million, or ¥7.14 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.