I.K Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was 84 Japanese sen per share, a decline of 92.8% from ¥11.70 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.1 million, a decrease of 92.4% from ¥41.3 million in the prior-year period.
The normalized profit margin dropped to 0.1% from 1.3% in the year-earlier period.
Total revenue fell 5.4% year over year to ¥3.11 billion from ¥3.29 billion, and total operating expenses decreased from the prior-year period to ¥3.10 billion from ¥3.22 billion.
Reported net income totaled a loss of ¥19.0 million, or a loss of ¥5.12 per share, compared to income of ¥2.0 million, or 57 sen per share, in the prior-year period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
