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Lead Co. swings to profit in fiscal Q2

The Lead Co. Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥8.33 per share, compared with a loss of ¥5.00 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.9 million, compared with a loss of ¥13.1 million in the year-earlier period.

The normalized profit margin increased to 1.8% from negative 1.1% in the year-earlier period.

Total revenue rose 5.4% year over year to ¥1.24 billion from ¥1.17 billion, and total operating expenses totaled ¥1.20 billion, compared with ¥1.20 billion in the year-earlier period.

Reported net income declined 88.4% from the prior-year period to ¥30.0 million, or ¥11.42 per share, from ¥259.0 million, or ¥98.57 per share.

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