Sun Life Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥18.12 per share, a decline of 24.8% from ¥24.10 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥117.5 million, a decline of 24.8% from ¥156.3 million in the prior-year period.
The normalized profit margin declined to 4.8% from 6.1% in the year-earlier period.
Total revenue decreased year over year to ¥2.43 billion from ¥2.55 billion, and total operating expenses fell from the prior-year period to ¥2.29 billion from ¥2.35 billion.
Reported net income declined 20.6% on an annual basis to ¥108.0 million, or ¥16.66 per share, from ¥136.0 million, or ¥20.98 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
