Havix Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥5.69 per share, a decline of 43.6% from ¥10.09 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥44.4 million, a decline of 43.7% from ¥78.8 million in the prior-year period.
The normalized profit margin fell to 1.7% from 3.2% in the year-earlier period.
Total revenue grew on an annual basis to ¥2.56 billion from ¥2.46 billion, and total operating expenses climbed 6.6% year over year to ¥2.49 billion from ¥2.33 billion.
Reported net income fell 42.1% on an annual basis to ¥44.0 million, or ¥5.64 per share, from ¥76.0 million, or ¥9.74 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
