Takashimaya Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥8.35 per share, a decline of 14.2% from ¥9.72 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.35 billion, a decline from ¥3.45 billion in the year-earlier period.
The normalized profit margin declined to 1.5% from 1.6% in the year-earlier period.
Total revenue declined on an annual basis to ¥217.40 billion from ¥221.28 billion, and total operating expenses fell year over year to ¥212.73 billion from ¥216.22 billion.
Reported net income increased 39.3% year over year to ¥5.01 billion, or ¥12.48 per share, from ¥3.60 billion, or ¥10.15 per share.
As of Oct. 14, US$1 was equivalent to ¥107.05.
