Takasho Co. Ltd. said its normalized net income for the fiscal first quarter ended April 20 amounted to ¥15.08 per share, a decrease of 27.4% from ¥20.76 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥185.1 million, a decline of 14.2% from ¥215.9 million in the prior-year period.

The normalized profit margin fell to 3.7% from 4.7% in the year-earlier period.

Total revenue climbed 8.6% on an annual basis to ¥5.02 billion from ¥4.62 billion, and total operating expenses increased 9.3% year over year to ¥4.71 billion from ¥4.31 billion.

Reported net income rose on an annual basis to ¥219.0 million, or ¥17.84 per share, from ¥213.0 million, or ¥20.48 per share.

As of June 4, US$1 was equivalent to ¥102.64.