Jeans Mate Corp. said its normalized net income for the fiscal second quarter ended Aug. 20 came to ¥2.23 per share, compared with a loss of ¥4.86 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.4 million, compared with a loss of ¥53.1 million in the year-earlier period.
The normalized profit margin climbed to 1.0% from negative 2.0% in the year-earlier period.
Total revenue declined on an annual basis to ¥2.52 billion from ¥2.61 billion, and total operating expenses declined 7.8% from the prior-year period to ¥2.49 billion from ¥2.70 billion.
Reported net income totaled a loss of ¥48.0 million, or a loss of ¥4.39 per share, compared to a loss of ¥113.0 million, or a loss of ¥10.34 per share, in the year-earlier period.
As of Oct. 3, US$1 was equivalent to ¥109.75.
