SNT Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥9.80 per share, a decrease of 29.9% from ¥13.98 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥256.1 million, a decrease of 29.9% from ¥365.1 million in the prior-year period.
The normalized profit margin declined to 5.4% from 7.7% in the year-earlier period.
Total revenue decreased year over year to ¥4.71 billion from ¥4.76 billion, and total operating expenses grew on an annual basis to ¥4.33 billion from ¥4.29 billion.
Reported net income decreased 27.6% year over year to ¥302.0 million, or ¥11.56 per share, from ¥417.0 million, or ¥15.96 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
