Takihyo Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥3.98 per share, a decrease of 42.9% from ¥6.98 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥37.5 million, a decrease of 42.9% from ¥65.6 million in the year-earlier period.
The normalized profit margin dropped to 0.2% from 0.4% in the year-earlier period.
Total revenue decreased 5.8% year over year to ¥16.65 billion from ¥17.67 billion, and total operating expenses declined 5.3% from the prior-year period to ¥16.63 billion from ¥17.55 billion.
Reported net income fell 80.1% year over year to ¥15.8 million, or ¥1.61 per share, from ¥79.7 million, or ¥8.47 per share.
As of Oct. 6, US$1 was equivalent to ¥109.17.
