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Kakiyasu Honten fiscal Q2 profit falls YOY

Kakiyasu Honten Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥27.17 per share, a decrease of 7.2% from ¥29.28 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥321.9 million, a decline of 11.7% from ¥364.4 million in the prior-year period.

The normalized profit margin declined to 3.0% from 3.5% in the year-earlier period.

Total revenue increased year over year to ¥10.71 billion from ¥10.43 billion, and total operating expenses rose year over year to ¥10.21 billion from ¥9.86 billion.

Reported net income decreased 17.4% from the prior-year period to ¥251.0 million, or ¥21.19 per share, from ¥304.0 million, or ¥24.43 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.