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Sunautas swings to loss in fiscal Q2

Sunautas Co. Ltd. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to a loss of ¥21.15 per share, compared with ¥20.04 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥66.3 million, compared with income of ¥63.8 million in the year-earlier period.

The normalized profit margin dropped to negative 0.7% from 0.6% in the year-earlier period.

Total revenue totaled ¥10.09 billion, compared with ¥10.09 billion in the prior-year period, and total operating expenses increased from the prior-year period to ¥10.20 billion from ¥9.99 billion.

Reported net income came to a loss of ¥96.0 million, or a loss of ¥30.64 per share, compared to income of ¥53.0 million, or ¥16.66 per share, in the prior-year period.

As of Dec. 12, US$1 was equivalent to ¥118.57.