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Sanrio fiscal Q2 profit falls YOY

Sanrio Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥33.82 per share, a decline from ¥34.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.95 billion, a decrease from ¥3.07 billion in the prior-year period.

The normalized profit margin fell to 16.8% from 17.3% in the year-earlier period.

Total revenue came to ¥17.53 billion, compared with ¥17.67 billion in the prior-year period, and total operating expenses climbed 6.0% on an annual basis to ¥13.38 billion from ¥12.62 billion.

Reported net income totaled ¥3.24 billion, or ¥37.14 per share, compared to ¥3.21 billion, or ¥36.45 per share, in the prior-year period.

As of Nov. 14, US$1 was equivalent to ¥116.46.