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Ministop fiscal Q1 profit falls YOY

4162642 said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥5.14 per share, a decline of 65.1% from ¥14.73 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥148.9 million, a decrease of 65.1% from ¥426.9 million in the year-earlier period.

The normalized profit margin declined to 0.4% from 1.3% in the year-earlier period.

Total revenue climbed 10.6% on an annual basis to ¥36.84 billion from ¥33.31 billion, and total operating expenses grew 12.1% on an annual basis to ¥37.07 billion from ¥33.06 billion.

Reported net income came to a loss of ¥225.0 million, or a loss of ¥7.77 per share, compared to income of ¥113.3 million, or ¥3.91 per share, in the prior-year period.

s of July 9, US$1 was equivalent to ¥101.69.Ministop Co. Ltd.

4162642 said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥5.14 per share, a decline of 65.1% from ¥14.73 per share in the year-earlier period.