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IKK fiscal Q2 profit falls YOY

IKK Inc. said its normalized net income for the fiscal second quarter ended April 30 came to 34 Japanese sen per share, a decrease of 96.7% from ¥10.27 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.0 million, a decline of 96.6% from ¥296.9 million in the year-earlier period.

The normalized profit margin fell to 0.3% from 8.0% in the year-earlier period.

Total revenue fell on an annual basis to ¥3.65 billion from ¥3.70 billion, and total operating expenses increased 12.4% year over year to ¥3.63 billion from ¥3.22 billion.

Reported net income totaled a loss of ¥91.9 million, or a loss of ¥3.16 per share, compared to income of ¥253.8 million, or ¥8.78 per share, in the prior-year period.

As of June 11, US$1 was equivalent to ¥123.66.