Shingakukai Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥20.74 per share, a decline from ¥21.55 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥414.4 million, a decline from ¥430.6 million in the year-earlier period.
The normalized profit margin rose to 26.8% from 25.8% in the year-earlier period.
Total revenue decreased 7.4% on an annual basis to ¥1.55 billion from ¥1.67 billion, and total operating expenses fell 7.8% year over year to ¥1.24 billion from ¥1.35 billion.
Reported net income grew from the prior-year period to ¥567.0 million, or ¥28.38 per share, from ¥546.0 million, or ¥27.33 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
