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Marusho hotta fiscal Q2 loss narrows YOY

Marushohotta Co.Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 27 Japanese sen per share, compared with a loss of 46 sen 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 ¥6.3 million, compared with a loss of ¥10.6 million in the prior-year period.

The normalized profit margin climbed to negative 0.4% from negative 0.6% in the year-earlier period.

Total revenue declined on an annual basis to ¥1.64 billion from ¥1.68 billion, and total operating expenses decreased year over year to ¥1.66 billion from ¥1.71 billion.

Reported net income came to a loss of ¥15.0 million, or a loss of 65 sen per share, compared to a loss of ¥15.0 million, or a loss of 65 sen per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to ¥122.78.