Tokatsu Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥15.18 per share, a decrease of 9.4% from ¥16.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥75.0 million, a decrease of 9.1% from ¥82.5 million in the year-earlier period.

The normalized profit margin declined to 4.1% from 4.2% in the year-earlier period.

Total revenue fell 5.2% year over year to ¥1.85 billion from ¥1.95 billion, and total operating expenses fell on an annual basis to ¥1.73 billion from ¥1.81 billion.

Reported net income decreased 6.6% year over year to ¥76.0 million, or ¥15.39 per share, from ¥81.4 million, or ¥16.54 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.