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Makiya fiscal Q1 profit falls YOY

Makiya Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥9.70 per share, a decrease of 21.3% from ¥12.33 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥96.9 million, a decrease of 21.3% from ¥123.1 million in the prior-year period.

The normalized profit margin fell to 0.7% from 0.9% in the year-earlier period.

Total revenue totaled ¥13.52 billion, compared with ¥13.56 billion in the year-earlier period, and total operating expenses totaled ¥13.43 billion, compared with ¥13.43 billion in the prior-year period.

Reported net income decreased 15.3% on an annual basis to ¥94.0 million, or ¥9.42 per share, from ¥111.0 million, or ¥11.12 per share.

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