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Welcia Holdings posts fiscal Q2 profit

Welcia Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥3.01 billion.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.5%.

Total revenue came to ¥118.65 billion, and total operating expenses came to ¥114.09 billion.

Reported net income came to ¥2.75 billion, or ¥30.21 per share.

As of Oct. 15, US$1 was equivalent to ¥118.46.