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Toabo Q2 profit falls YOY

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Toabo Q2 profit falls YOY

Toabo Corp. said its normalized net income for the second quarter amounted to 41 Japanese sen per share, a decline of 96.6% from ¥12.05 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥68.8 million, a decline of 36.0% from ¥107.5 million in the year-earlier period.

The normalized profit margin dropped to 1.4% from 2.1% in the year-earlier period.

Total revenue declined on an annual basis to ¥5.05 billion from ¥5.11 billion, and total operating expenses totaled ¥4.92 billion, compared with ¥4.90 billion in the prior-year period.

Reported net income decreased 50.0% from the prior-year period to ¥60.0 million, or 35 sen per share, from ¥120.0 million, or ¥13.45 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.