Kan-Nanmaru Corp. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to ¥1.80 per share, a decrease of 47.6% from ¥3.44 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.9 million, a decline of 47.6% from ¥13.1 million in the prior-year period.
The normalized profit margin fell to 0.5% from 0.9% in the year-earlier period.
Total revenue declined 5.4% on an annual basis to ¥1.34 billion from ¥1.42 billion, and total operating expenses fell from the prior-year period to ¥1.33 billion from ¥1.40 billion.
As of Nov. 13, US$1 was equivalent to ¥122.78.