Kawasaki & Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to ¥40.68 per share, a decline of 7.0% from ¥43.75 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥95.0 million, a decline of 10.6% from ¥106.3 million in the year-earlier period.
The normalized profit margin fell to 17.0% from 18.3% in the year-earlier period.
Total revenue fell on an annual basis to ¥558.0 million from ¥581.0 million, and total operating expenses declined 7.1% from the prior-year period to ¥482.0 million from ¥519.0 million.
Reported net income fell 8.4% from the prior-year period to ¥87.0 million, or ¥37.25 per share, from ¥95.0 million, or ¥39.11 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
