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Japan Food & Liquor Alliance fiscal Q2 loss narrows YOY

Japan Food & Liquor Alliance Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of ¥1.25 per share, compared with a loss of ¥1.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥103.8 million, compared with a loss of ¥132.5 million in the year-earlier period.

The normalized profit margin rose to negative 1.9% from negative 2.3% in the year-earlier period.

Total revenue decreased 7.2% year over year to ¥5.39 billion from ¥5.81 billion, and total operating expenses declined 8.8% year over year to ¥5.47 billion from ¥5.99 billion.

Reported net income totaled a loss of ¥171.0 million, or a loss of ¥2.06 per share, compared to a loss of ¥221.0 million, or a loss of ¥3.25 per share, in the prior-year period.

As of May 12, US$1 was equivalent to ¥119.88.