Ito En Ltd. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to ¥29.63 per share, a decrease of 31.3% from ¥43.14 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.65 billion, a decline of 31.3% from ¥5.31 billion in the prior-year period.
The normalized profit margin declined to 3.2% from 4.4% in the year-earlier period.
Total revenue decreased on an annual basis to ¥115.15 billion from ¥119.79 billion, and total operating expenses declined year over year to ¥109.16 billion from ¥110.90 billion.
Reported net income declined 36.7% from the prior-year period to ¥3.27 billion, or ¥26.56 per share, from ¥5.17 billion, or ¥41.98 per share.
As of Dec. 12, US$1 was equivalent to ¥118.57.
