Toshin Corp. said its normalized net income for the fiscal first quarter ended July 31 was ¥6.42 per share, a decrease of 60.3% from ¥16.20 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥40.6 million, a decline of 60.4% from ¥102.5 million in the year-earlier period.
The normalized profit margin fell to 0.8% from 1.6% in the year-earlier period.
Total revenue fell 23.0% year over year to ¥4.83 billion from ¥6.27 billion, and total operating expenses declined 22.2% year over year to ¥4.74 billion from ¥6.10 billion.
Reported net income declined 60.4% on an annual basis to ¥38.0 million, or ¥6.01 per share, from ¥96.0 million, or ¥15.17 per share.
As of Sept. 12, US$1 was equivalent to ¥107.36.
