Sanei Architecture Planning Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, was ¥18.47 per share, a decrease of 54.5% from ¥40.63 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥391.9 million, a decline of 54.5% from ¥862.0 million in the prior-year period.
The normalized profit margin declined to 3.7% from 6.4% in the year-earlier period.
Total revenue declined 20.3% year over year to ¥10.69 billion from ¥13.40 billion, and total operating expenses declined 17.2% from the prior-year period to ¥9.93 billion from ¥11.99 billion.
Reported net income decreased 41.3% year over year to ¥479.0 million, or ¥22.58 per share, from ¥816.0 million, or ¥38.46 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
