Iida Group Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥22.03 per share, a decline of 83.7% from ¥135.18 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.35 billion, an increase of 64.6% from ¥3.86 billion in the prior-year period.
The normalized profit margin fell to 2.7% from 5.6% in the year-earlier period.
Total revenue climbed year over year to ¥236.35 billion from ¥68.47 billion, and total operating expenses climbed year over year to ¥225.25 billion from ¥61.93 billion.
Reported net income grew 33.4% on an annual basis to ¥5.55 billion, or ¥19.24 per share, from ¥4.16 billion, or ¥145.68 per share.
As of Aug. 11, US$1 was equivalent to ¥102.12.
