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Mac-House swings to loss in fiscal Q2

Mac-House Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was a loss of ¥8.31 per share, compared with ¥3.58 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 ¥127.5 million, compared with income of ¥55.0 million in the year-earlier period.

The normalized profit margin declined to negative 1.5% from 0.7% in the year-earlier period.

Total revenue decreased year over year to ¥8.31 billion from ¥8.44 billion, and total operating expenses rose on an annual basis to ¥8.54 billion from ¥8.37 billion.

Reported net income came to a loss of ¥224.0 million, or a loss of ¥14.61 per share, compared to income of ¥20.0 million, or ¥1.30 per share, in the prior-year period.

As of Oct. 10, US$1 was equivalent to ¥107.98.