Ainavo Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was ¥21.83 per share, a decrease of 31.6% from ¥31.94 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥252.5 million, a decrease of 31.6% from ¥369.4 million in the prior-year period.
The normalized profit margin dropped to 1.9% from 2.6% in the year-earlier period.
Total revenue decreased 6.2% year over year to ¥13.49 billion from ¥14.39 billion, and total operating expenses fell 5.1% on an annual basis to ¥13.13 billion from ¥13.83 billion.
Reported net income fell 39.0% from the prior-year period to ¥217.0 million, or ¥18.76 per share, from ¥356.0 million, or ¥30.78 per share.
As of Feb. 10, US$1 was equivalent to ¥119.28.
