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Takachiho fiscal Q2 profit falls YOY

Takachiho Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥151.81 per share, a decline of 33.3% from ¥227.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥95.0 million, a decline of 33.3% from ¥142.5 million in the year-earlier period.

The normalized profit margin dropped to 2.7% from 3.8% in the year-earlier period.

Total revenue fell 7.1% year over year to ¥3.50 billion from ¥3.77 billion, and total operating expenses decreased 5.4% on an annual basis to ¥3.34 billion from ¥3.53 billion.

Reported net income fell 27.7% year over year to ¥102.0 million, or ¥162.99 per share, from ¥141.0 million, or ¥225.31 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.