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Goldwin fiscal Q2 profit falls YOY

Goldwin Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥52.39 per share, a decrease of 8.9% from ¥57.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥615.3 million, a decline of 9.2% from ¥677.5 million in the prior-year period.

The normalized profit margin declined to 3.9% from 4.5% in the year-earlier period.

Total revenue increased year over year to ¥15.61 billion from ¥15.06 billion, and total operating expenses climbed from the prior-year period to ¥14.54 billion from ¥13.96 billion.

Reported net income fell 11.9% year over year to ¥815.0 million, or ¥69.40 per share, from ¥925.0 million, or ¥78.51 per share.

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