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Ten Allied fiscal Q2 loss narrows YOY

Ten Allied Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of ¥2.07 per share, compared with a loss of ¥2.94 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥53.8 million, compared with a loss of ¥76.3 million in the prior-year period.

The normalized profit margin rose to negative 1.4% from negative 2.0% in the year-earlier period.

Total revenue totaled ¥3.79 billion, compared with ¥3.75 billion in the year-earlier period, and total operating expenses totaled ¥3.86 billion, compared with ¥3.87 billion in the year-earlier period.

Reported net income totaled a loss of ¥151.0 million, or a loss of ¥5.82 per share, compared to a loss of ¥216.0 million, or a loss of ¥8.32 per share, in the prior-year period.

As of Nov. 10, US$1 was equivalent to ¥123.26.