JP-Holdings Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥2.51 per share, a decrease of 22.3% from ¥3.23 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥209.4 million, a decline of 22.3% from ¥269.4 million in the year-earlier period.
The normalized profit margin fell to 4.7% from 6.8% in the year-earlier period.
Total revenue climbed 12.0% year over year to ¥4.41 billion from ¥3.94 billion, and total operating expenses rose 16.7% from the prior-year period to ¥4.10 billion from ¥3.52 billion.
Reported net income decreased 22.6% on an annual basis to ¥195.0 million, or ¥2.34 per share, from ¥252.0 million, or ¥3.02 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
