Toshin Corp. said its normalized net income for the fiscal third quarter ended Jan. 31 was ¥9.39 per share, a decline of 65.1% from ¥26.87 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.4 million, a decrease of 65.1% from ¥170.0 million in the year-earlier period.
The normalized profit margin fell to 0.8% from 2.3% in the year-earlier period.
Total revenue declined year over year to ¥7.05 billion from ¥7.24 billion, and total operating expenses totaled ¥6.95 billion, compared with ¥6.97 billion in the year-earlier period.
Reported net income fell 93.7% year over year to ¥11.0 million, or ¥1.74 per share, from ¥174.0 million, or ¥27.51 per share.
As of March 13, US$1 was equivalent to ¥121.18.
