Minnano Wedding Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to ¥4.79 per share, a gain of 7.6% from ¥4.45 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.3 million, a gain from ¥35.0 million in the prior-year period.
The normalized profit margin increased to 8.0% from 7.3% in the year-earlier period.
Total revenue fell on an annual basis to ¥455.0 million from ¥477.0 million, and total operating expenses decreased 5.9% year over year to ¥396.0 million from ¥421.0 million.
Reported net income fell 14.0% on an annual basis to ¥37.0 million, or ¥4.89 per share, from ¥43.0 million, or ¥5.47 per share.
As of Feb. 8, US$1 was equivalent to ¥115.75.
