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Japan Meat posts fiscal H1 profit

Japan Meat Co. Ltd. said its normalized net income for the fiscal first half ended Jan. 31 was ¥1.52 billion.

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

Total revenue totaled ¥49.23 billion, and total operating expenses came to ¥46.85 billion.

Reported net income came to ¥1.61 billion, or ¥72.15 per share.

As of March 16, US$1 was equivalent to ¥113.67.