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Takasho fiscal Q2 profit falls YOY

Takasho Co. Ltd. said its normalized net income for the fiscal second quarter ended July 20 amounted to ¥9.42 per share, a decline of 63.9% from ¥26.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥115.6 million, a decrease of 63.9% from ¥320.5 million in the year-earlier period.

The normalized profit margin fell to 2.4% from 5.9% in the year-earlier period.

Total revenue decreased 10.3% on an annual basis to ¥4.91 billion from ¥5.47 billion, and total operating expenses fell from the prior-year period to ¥4.71 billion from ¥4.91 billion.

Reported net income declined 76.6% year over year to ¥70.0 million, or ¥5.70 per share, from ¥299.0 million, or ¥24.35 per share.

As of Sept. 2, US$1 was equivalent to ¥105.13.