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Sanei Architecture Planning fiscal Q2 profit falls YOY

Sanei Architecture Planning Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 came to ¥29.77 per share, a decrease of 14.1% from ¥34.65 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥631.6 million, a decrease of 14.1% from ¥735.1 million in the year-earlier period.

The normalized profit margin dropped to 4.9% from 5.6% in the year-earlier period.

Total revenue decreased year over year to ¥12.85 billion from ¥13.20 billion, and total operating expenses decreased from the prior-year period to ¥11.77 billion from ¥11.99 billion.

Reported net income declined 8.8% from the prior-year period to ¥621.0 million, or ¥29.27 per share, from ¥681.0 million, or ¥32.10 per share.

As of April 13, US$1 was equivalent to ¥120.36.