Hagihara Industries said its normalized net income for the fiscal second quarter ended April 30 was ¥23.30 per share, a decrease of 6.7% from ¥24.98 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥346.9 million, a decline of 6.7% from ¥371.9 million in the prior-year period.
The normalized profit margin climbed to 6.9% from 6.6% in the year-earlier period.
Total revenue decreased 9.8% year over year to ¥5.05 billion from ¥5.60 billion, and total operating expenses declined 9.8% on an annual basis to ¥4.52 billion from ¥5.01 billion.
Reported net income fell 18.1% year over year to ¥308.0 million, or ¥20.69 per share, from ¥376.0 million, or ¥25.26 per share.
As of June 10, US$1 was equivalent to ¥122.64.
