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Round One Corp. fiscal Q1 profit falls YOY


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Round One Corp. fiscal Q1 profit falls YOY

Round One Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥5.44 per share, a decline of 49.4% from ¥10.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥518.8 million, a decline of 49.5% from ¥1.03 billion in the year-earlier period.

The normalized profit margin dropped to 2.6% from 5.1% in the year-earlier period.

Total revenue fell on an annual basis to ¥19.69 billion from ¥20.16 billion, and total operating expenses rose from the prior-year period to ¥18.54 billion from ¥17.91 billion.

Reported net income rose 23.3% from the prior-year period to ¥778.0 million, or ¥8.17 per share, from ¥631.0 million, or ¥6.62 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.