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Inpex fiscal Q2 profit falls YOY

INPEX Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥76.10 per share, a decrease of 12.3% from ¥86.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥111.13 billion, a decline of 12.3% from ¥126.67 billion in the prior-year period.

The normalized profit margin fell to 34.5% from 36.4% in the year-earlier period.

Total revenue declined 7.5% on an annual basis to ¥321.97 billion from ¥347.97 billion, and total operating expenses decreased year over year to ¥154.24 billion from ¥161.12 billion.

Reported net income declined 27.5% from the prior-year period to ¥36.30 billion, or ¥24.86 per share, from ¥50.09 billion, or ¥34.30 per share.

As of Nov. 12, US$1 was equivalent to ¥115.15.