Nissan Tokyo Sales Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 34 Japanese sen per share, a decrease of 93.3% from ¥5.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.5 million, a decline of 93.4% from ¥340.0 million in the year-earlier period.

The normalized profit margin declined to 0.1% from 1.1% in the year-earlier period.

Total revenue came to ¥32.12 billion, compared with ¥31.90 billion in the year-earlier period, and total operating expenses increased on an annual basis to ¥31.94 billion from ¥31.21 billion.

Reported net income totaled a loss of ¥141.0 million, or a loss of ¥2.13 per share, compared to income of ¥286.0 million, or ¥4.30 per share, in the year-earlier period.

As of Aug. 8, US$1 was equivalent to ¥101.85.