trending Market Intelligence /marketintelligence/en/news-insights/trending/WSkrintLjbTCPfB_63Xfrg2 content esgSubNav
In This List

Komatsu Seiren fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Komatsu Seiren fiscal Q1 profit falls YOY

Komatsu Seiren Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥4.88 per share, a decline of 44.9% from ¥8.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥208.9 million, a decrease of 45.0% from ¥379.8 million in the year-earlier period.

The normalized profit margin dropped to 2.2% from 4.1% in the year-earlier period.

Total revenue increased year over year to ¥9.36 billion from ¥9.26 billion, and total operating expenses increased year over year to ¥9.25 billion from ¥8.93 billion.

Reported net income declined 53.6% year over year to ¥216.0 million, or ¥5.05 per share, from ¥466.0 million, or ¥10.86 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.