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West Japan Railway fiscal Q1 profit falls YOY

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West Japan Railway fiscal Q1 profit falls YOY

West Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 was ¥130.12 per share, a decrease of 9.4% from ¥143.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.19 billion, a decline of 9.4% from ¥27.81 billion in the prior-year period.

The normalized profit margin declined to 7.4% from 8.1% in the year-earlier period.

Total revenue totaled ¥338.15 billion, compared with ¥341.38 billion in the prior-year period, and total operating expenses came to ¥292.83 billion, compared with ¥290.36 billion in the prior-year period.

Reported net income declined 7.2% on an annual basis to ¥27.57 billion, or ¥142.39 per share, from ¥29.69 billion, or ¥153.37 per share.

As of Aug. 10, US$1 was equivalent to ¥101.31.