Three F Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥14.11 per share, a decline of 50.1% from ¥28.25 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥106.9 million, a decline of 50.1% from ¥214.0 million in the prior-year period.
The normalized profit margin declined to 1.9% from 3.4% in the year-earlier period.
Total revenue fell 9.5% year over year to ¥5.70 billion from ¥6.29 billion, and total operating expenses decreased 7.3% from the prior-year period to ¥5.53 billion from ¥5.96 billion.
Reported net income fell 27.5% from the prior-year period to ¥111.0 million, or ¥14.66 per share, from ¥153.0 million, or ¥20.20 per share.
As of Oct. 15, US$1 was equivalent to ¥106.21.
