AEON Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥9.58 per share, a decline of 49.3% from ¥18.91 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.04 billion, a decrease of 49.4% from ¥15.88 billion in the prior-year period.
The normalized profit margin fell to 0.5% from 1.0% in the year-earlier period.
Total revenue grew 13.1% year over year to ¥1.719 trillion from ¥1.520 trillion, and total operating expenses climbed 14.6% year over year to ¥1.698 trillion from ¥1.481 trillion.
Reported net income fell 98.0% year over year to ¥204.0 million, or 24 sen per share, from ¥10.35 billion, or ¥12.32 per share.
As of Oct. 15, US$1 was equivalent to ¥106.21.
