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United Super Markets posts fiscal Q2 profit

United Super Markets Holdings Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥2.38 billion.

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

The normalized profit margin was 1.4%.

Total revenue totaled ¥166.33 billion, and total operating expenses totaled ¥162.69 billion.

Reported net income totaled ¥1.73 billion, or ¥13.11 per share.

As of Oct. 15, US$1 was equivalent to ¥118.46.