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Bourbon Corp. fiscal Q1 profit falls YOY

Bourbon Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥20.37 per share, a decrease of 21.5% from ¥25.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥494.4 million, a decrease of 20.6% from ¥622.5 million in the year-earlier period.

The normalized profit margin declined to 2.0% from 2.5% in the year-earlier period.

Total revenue fell year over year to ¥24.33 billion from ¥25.33 billion, and total operating expenses declined on an annual basis to ¥23.51 billion from ¥24.56 billion.

Reported net income declined 34.2% from the prior-year period to ¥450.0 million, or ¥18.55 per share, from ¥684.0 million, or ¥28.51 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.