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Kajima fiscal Q2 profit falls YOY

Kajima Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥21.86 per share, a decrease of 17.6% from ¥26.53 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.69 billion, a decline of 17.6% from ¥27.54 billion in the year-earlier period.

The normalized profit margin fell to 5.4% from 6.5% in the year-earlier period.

Total revenue came to ¥421.90 billion, compared with ¥422.57 billion in the prior-year period, and total operating expenses rose year over year to ¥389.01 billion from ¥379.17 billion.

Reported net income came to ¥30.34 billion, or ¥29.23 per share, compared with ¥30.35 billion, or ¥29.24 per share, in the year-earlier period.

As of Nov. 14, US$1 was equivalent to ¥113.32.