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Feedone posts fiscal Q2 profit

Feedone Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥547.5 million.

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

The normalized profit margin was 0.9%.

Total revenue totaled ¥57.82 billion, and total operating expenses came to ¥57.00 billion.

Reported net income totaled ¥852.0 million, or ¥4.32 per share.

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