Iwatsuka Confectionery Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥2.83 per share, a decline of 57.4% from ¥6.63 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.3 million, a decline of 57.4% from ¥38.1 million in the prior-year period.
The normalized profit margin declined to 0.3% from 0.8% in the year-earlier period.
Total revenue rose 7.3% on an annual basis to ¥5.19 billion from ¥4.84 billion, and total operating expenses increased 7.9% from the prior-year period to ¥5.17 billion from ¥4.79 billion.
Reported net income decreased 80.5% year over year to ¥15.0 million, or ¥2.61 per share, from ¥77.0 million, or ¥13.40 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
