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Maxvalu Kyushu posts fiscal Q2 profit

Maxvalu Kyushu Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥327.5 million.

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

The normalized profit margin was 0.9%.

Total revenue totaled ¥37.18 billion, and total operating expenses totaled ¥36.66 billion.

Reported net income came to ¥307.1 million, or ¥40.50 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.