JINS Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to ¥5.00 per share, a decrease of 11.9% from ¥5.68 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥120.0 million, a decrease of 11.9% from ¥136.3 million in the year-earlier period.
The normalized profit margin dropped to 1.5% from 1.7% in the year-earlier period.
Total revenue totaled ¥8.14 billion, compared with ¥8.17 billion in the prior-year period, and total operating expenses totaled ¥7.91 billion, compared with ¥7.92 billion in the year-earlier period.
Reported net income decreased 31.4% year over year to ¥48.0 million, or ¥2.00 per share, from ¥70.0 million, or ¥2.92 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
