Kirindo Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥15.95 per share, a decline of 56.8% from ¥36.91 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥180.8 million, a decrease of 56.8% from ¥418.3 million in the prior-year period.
The normalized profit margin declined to 0.7% from 1.5% in the year-earlier period.
Total revenue fell 5.1% on an annual basis to ¥25.88 billion from ¥27.26 billion, and total operating expenses fell year over year to ¥25.75 billion from ¥26.69 billion.
Reported net income came to a loss of ¥9.0 million, or a loss of 79 sen per share, compared to income of ¥306.0 million, or ¥27.01 per share, in the prior-year period.
As of Oct. 14, US$1 was equivalent to ¥107.05.
