Yoshinoya Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥12.53 per share, a decrease of 40.1% from ¥20.91 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥684.5 million, a decrease of 36.3% from ¥1.07 billion in the year-earlier period.
The normalized profit margin dropped to 1.5% from 2.4% in the year-earlier period.
Total revenue came to ¥44.64 billion, compared with ¥44.22 billion in the year-earlier period, and total operating expenses rose on an annual basis to ¥43.73 billion from ¥42.75 billion.
Reported net income declined 40.8% year over year to ¥427.0 million, or ¥7.81 per share, from ¥721.0 million, or ¥14.03 per share.
As of Oct. 9, US$1 was equivalent to ¥107.90.
