Revenue for the period reached 1.96 billion yen, rising from 1.86 billion yen a year earlier. While the company managed to nudge its operating profit to 94.00 million yen and pretax profit to 98.00 million yen, these gains failed to offset the significant drop in bottom-line earnings. Consequently, earnings per share fell to 2.84 yen from 14.05 yen in the previous year. These results were calculated using Japanese accounting standards.
Karula Profits Slide Despite Revenue Gains in First Quarter
Karula Co. Ltd. saw its net profit plummet to 16.00 million yen for the first quarter ending May 31, a sharp contraction from the 80.00 million yen reported during the same period last year, despite a modest uptick in overall top-line revenue for the Japanese firm.
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