Komatsu Seiren Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 58 Japanese sen per share, a decline of 88.5% from ¥4.98 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.6 million, a decrease of 88.5% from ¥213.8 million in the prior-year period.
The normalized profit margin dropped to 0.3% from 2.2% in the year-earlier period.
Total revenue fell on an annual basis to ¥9.52 billion from ¥9.81 billion, and total operating expenses totaled ¥9.60 billion, compared with ¥9.62 billion in the year-earlier period.
Reported net income fell 70.9% year over year to ¥85.0 million, or ¥1.99 per share, from ¥292.0 million, or ¥6.81 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
