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Nihon Shokuhin Kako fiscal Q1 profit falls YOY

Nihon Shokuhin Kako Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥130.47 per share, a decrease of 7.7% from ¥141.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥641.9 million, a decline of 7.7% from ¥695.6 million in the prior-year period.

The normalized profit margin fell to 4.1% from 4.3% in the year-earlier period.

Total revenue decreased year over year to ¥15.49 billion from ¥16.24 billion, and total operating expenses fell year over year to ¥14.55 billion from ¥15.21 billion.

Reported net income rose from the prior-year period to ¥692.0 million, or ¥140.66 per share, from ¥676.0 million, or ¥137.40 per share.

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