Yakult Honsha Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥27.99 per share, a decline of 30.4% from ¥40.22 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.63 billion, a decline of 30.4% from ¥6.64 billion in the year-earlier period.

The normalized profit margin dropped to 5.1% from 7.2% in the year-earlier period.

Total revenue fell year over year to ¥90.62 billion from ¥92.86 billion, and total operating expenses totaled ¥83.37 billion, compared with ¥82.76 billion in the prior-year period.

Reported net income fell 30.9% from the prior-year period to ¥5.48 billion, or ¥33.18 per share, from ¥7.94 billion, or ¥48.04 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.