MH Group Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 73 Japanese sen per share, a decline of 60.6% from ¥1.85 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.1 million, a decline of 60.6% from ¥20.6 million in the prior-year period.
The normalized profit margin dropped to 1.9% from 4.7% in the year-earlier period.
Total revenue declined on an annual basis to ¥417.0 million from ¥436.0 million, and total operating expenses came to ¥406.0 million, compared with ¥404.0 million in the prior-year period.
Reported net income declined 56.0% on an annual basis to ¥11.0 million, or 99 sen per share, from ¥25.0 million, or ¥2.24 per share.
As of May 12, US$1 was equivalent to ¥119.88.
