Ichishin Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥31.20 per share, a gain of 19.9% from ¥26.02 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥318.8 million, an increase of 35.6% from ¥235.0 million in the prior-year period.
The normalized profit margin rose to 6.6% from 4.6% in the year-earlier period.
Total revenue fell 5.8% year over year to ¥4.82 billion from ¥5.12 billion, and total operating expenses fell 9.2% on an annual basis to ¥4.30 billion from ¥4.74 billion.
Reported net income totaled ¥319.0 million, or ¥31.22 per share, compared to a loss of ¥498.0 million, or a loss of ¥55.15 per share, in the year-earlier period.
As of Oct. 14, US$1 was equivalent to ¥107.05.
