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Kimuratan fiscal Q2 loss widens YOY

Kimuratan Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 63 Japanese sen per share, compared with a loss of 24 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥50.0 million, compared with a loss of ¥18.8 million in the prior-year period.

The normalized profit margin declined to negative 5.2% from negative 1.6% in the year-earlier period.

Total revenue fell 15.5% on an annual basis to ¥963.0 million from ¥1.14 billion, and total operating expenses fell 10.7% on an annual basis to ¥1.04 billion from ¥1.17 billion.

Reported net income came to a loss of ¥99.0 million, or a loss of ¥1.25 per share, compared to a loss of ¥32.0 million, or a loss of 41 sen per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to ¥122.78.