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Soiken Holdings fiscal Q2 profit falls YOY

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Soiken Holdings fiscal Q2 profit falls YOY

Soiken Holdings Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to ¥1.93 per share, a decline of 4.9% from ¥2.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥50.5 million, a decrease of 4.9% from ¥53.1 million in the prior-year period.

The normalized profit margin dropped to 6.2% from 7.7% in the year-earlier period.

Total revenue climbed 16.9% year over year to ¥810.0 million from ¥693.0 million, and total operating expenses increased 17.9% from the prior-year period to ¥717.0 million from ¥608.0 million.

Reported net income decreased 31.3% year over year to ¥55.0 million, or ¥2.10 per share, from ¥80.0 million, or ¥3.06 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.