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Lacto Japan posts fiscal H1 profit

Lacto Japan Co. Ltd. said its normalized net income for the fiscal first half ended May 31 was ¥392.5 million.

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

Total revenue totaled ¥48.21 billion, and total operating expenses totaled ¥48.38 billion.

Reported net income totaled ¥378.0 million, or ¥96.49 per share.

As of July 24, US$1 was equivalent to ¥123.70.