Ain Holdings Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 came to ¥51.88 per share, a decrease from ¥52.62 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.64 billion, a decline from ¥1.68 billion in the prior-year period.
The normalized profit margin dropped to 3.7% from 4.0% in the year-earlier period.
Total revenue grew 7.3% year over year to ¥44.87 billion from ¥41.81 billion, and total operating expenses grew 8.1% from the prior-year period to ¥42.34 billion from ¥39.18 billion.
Reported net income increased 10.0% from the prior-year period to ¥1.52 billion, or ¥47.97 per share, from ¥1.38 billion, or ¥43.38 per share.
As of Dec. 15, US$1 was equivalent to ¥118.36.
