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Kadoya Sesame Mills fiscal Q2 profit falls YOY

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Kadoya Sesame Mills fiscal Q2 profit falls YOY

Kadoya Sesame Mills Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥19.75 per share, a decrease of 41.4% from ¥33.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥185.6 million, a decline of 41.4% from ¥316.9 million in the year-earlier period.

The normalized profit margin fell to 3.1% from 5.7% in the year-earlier period.

Total revenue rose 6.4% on an annual basis to ¥5.92 billion from ¥5.57 billion, and total operating expenses rose 12.0% on an annual basis to ¥5.68 billion from ¥5.07 billion.

Reported net income declined 41.3% year over year to ¥176.0 million, or ¥18.73 per share, from ¥300.0 million, or ¥31.92 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.