Sankyo Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥2.55 per share, a decline of 98.2% from ¥138.45 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥238.1 million, a decline of 98.2% from ¥12.94 billion in the year-earlier period.
The normalized profit margin fell to 1.2% from 20.4% in the year-earlier period.
Total revenue declined 67.4% on an annual basis to ¥20.69 billion from ¥63.46 billion, and total operating expenses fell 51.9% from the prior-year period to ¥20.67 billion from ¥42.97 billion.
Reported net income totaled a loss of ¥1.00 billion, or a loss of ¥10.75 per share, compared to income of ¥16.28 billion, or ¥174.14 per share, in the year-earlier period.
As of Aug. 13, US$1 was equivalent to ¥102.37.
