Sakai Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to ¥13.41 per share, an increase from ¥12.96 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥145.6 million, a gain from ¥140.8 million in the year-earlier period.
The normalized profit margin increased to 3.3% from 2.8% in the year-earlier period.
Total revenue declined 11.6% on an annual basis to ¥4.41 billion from ¥4.99 billion, and total operating expenses declined 13.0% from the prior-year period to ¥4.14 billion from ¥4.76 billion.
Reported net income declined 50.4% year over year to ¥139.0 million, or ¥12.80 per share, from ¥280.0 million, or ¥25.79 per share.
As of May 13, US$1 was equivalent to ¥119.08.
