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Daitobo fiscal Q2 profit falls YOY

Daitobo Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥1.73 per share, a decline from ¥1.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥51.9 million, a decrease from ¥53.8 million in the year-earlier period.

The normalized profit margin rose to 3.4% from 3.3% in the year-earlier period.

Total revenue decreased 7.0% on an annual basis to ¥1.51 billion from ¥1.63 billion, and total operating expenses fell 5.8% from the prior-year period to ¥1.38 billion from ¥1.46 billion.

Reported net income rose 35.9% on an annual basis to ¥106.0 million, or ¥3.54 per share, from ¥78.0 million, or ¥2.61 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.