JINS Inc. said its normalized net income for the fiscal second quarter ended Feb. 28 came to ¥16.92 per share, a decrease of 7.5% from ¥18.30 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥405.6 million, a decline of 7.5% from ¥438.8 million in the year-earlier period.
The normalized profit margin declined to 4.2% from 4.6% in the year-earlier period.
Total revenue increased year over year to ¥9.60 billion from ¥9.46 billion, and total operating expenses increased year over year to ¥8.95 billion from ¥8.74 billion.
Reported net income fell 5.7% from the prior-year period to ¥298.0 million, or ¥12.43 per share, from ¥316.0 million, or ¥13.18 per share.
As of April 14, US$1 was equivalent to ¥119.09.
