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JXTG Holdings fiscal Q2 profit falls YOY

JXTG Holdings Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥6.13 per share, a decrease of 73.0% from ¥22.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.24 billion, a decline of 73.0% from ¥56.44 billion in the prior-year period.

The normalized profit margin declined to 0.5% from 1.9% in the year-earlier period.

Total revenue fell 6.7% year over year to ¥2.802 trillion from ¥3.004 trillion, and total operating expenses declined from the prior-year period to ¥2.790 trillion from ¥2.918 trillion.

Reported net income decreased 93.5% from the prior-year period to ¥3.50 billion, or ¥1.41 per share, from ¥54.03 billion, or ¥21.73 per share.

As of Nov. 13, US$1 was equivalent to ¥115.76.