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Beauty Kadan fiscal Q2 profit falls YOY

Beauty Kadan Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to ¥7.11 per share, a decrease of 18.7% from ¥8.74 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.0 million, a decline of 18.6% from ¥36.9 million in the prior-year period.

The normalized profit margin fell to 1.8% from 2.4% in the year-earlier period.

Total revenue increased 10.0% year over year to ¥1.68 billion from ¥1.53 billion, and total operating expenses rose 9.8% on an annual basis to ¥1.64 billion from ¥1.49 billion.

Reported net income fell 19.4% from the prior-year period to ¥29.0 million, or ¥6.87 per share, from ¥36.0 million, or ¥8.54 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.