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Shaklee Global fiscal Q2 profit falls YOY

Shaklee Global Group Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥869.12 per share, a decrease of 15.2% from ¥1,024.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.25 billion, a decline of 16.6% from ¥1.50 billion in the year-earlier period.

The normalized profit margin fell to 9.9% from 12.4% in the year-earlier period.

Total revenue increased on an annual basis to ¥12.63 billion from ¥12.09 billion, and total operating expenses rose 17.0% from the prior-year period to ¥10.98 billion from ¥9.39 billion.

Reported net income declined 28.8% year over year to ¥1.04 billion, or ¥723.78 per share, from ¥1.46 billion, or ¥998.44 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.