Geo Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥4.16 per share, a decrease of 88.2% from ¥35.37 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥225.0 million, a decline of 88.2% from ¥1.91 billion in the prior-year period.
The normalized profit margin declined to 0.4% from 3.3% in the year-earlier period.
Total revenue increased on an annual basis to ¥59.19 billion from ¥57.92 billion, and total operating expenses increased 7.4% on an annual basis to ¥59.04 billion from ¥54.95 billion.
Reported net income grew 7.6% on an annual basis to ¥1.64 billion, or ¥30.36 per share, from ¥1.53 billion, or ¥28.19 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
