Hagoromo Foods Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥27.72 per share, a gain from ¥11.72 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥521.9 million, a gain from ¥220.6 million in the prior-year period.
The normalized profit margin increased to 2.7% from 1.2% in the year-earlier period.
Total revenue came to ¥18.98 billion, compared with ¥18.84 billion in the prior-year period, and total operating expenses declined from the prior-year period to ¥18.19 billion from ¥18.65 billion.
Reported net income declined 71.6% year over year to ¥652.0 million, or ¥34.63 per share, from ¥2.30 billion, or ¥121.92 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
