Pickles Corp. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥31.91 per share, a decline of 10.8% from ¥35.77 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥194.5 million, a decrease of 15.0% from ¥228.8 million in the prior-year period.
The normalized profit margin dropped to 2.7% from 3.3% in the year-earlier period.
Total revenue rose on an annual basis to ¥7.30 billion from ¥6.98 billion, and total operating expenses increased 5.4% year over year to ¥7.01 billion from ¥6.65 billion.
Reported net income fell 21.9% on an annual basis to ¥189.0 million, or ¥31.01 per share, from ¥242.0 million, or ¥37.84 per share.
As of Oct. 15, US$1 was equivalent to ¥106.21.
