Tokan Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was ¥51.87 per share, an increase of 6.2% from ¥48.86 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥329.3 million, a gain from ¥314.5 million in the prior-year period.
The normalized profit margin increased to 0.8% from 0.8% in the year-earlier period.
Total revenue declined on an annual basis to ¥39.76 billion from ¥40.21 billion, and total operating expenses declined on an annual basis to ¥39.37 billion from ¥39.87 billion.
Reported net income declined 26.3% year over year to ¥331.0 million, or ¥52.14 per share, from ¥449.0 million, or ¥69.75 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
