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C'bon Cosmetics fiscal Q2 profit falls YOY

C'bon Cosmetics Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥4.80 per share, a decrease of 84.4% from ¥30.78 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.4 million, a decrease of 84.3% from ¥123.1 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 3.5% in the year-earlier period.

Total revenue decreased 11.0% year over year to ¥3.11 billion from ¥3.49 billion, and total operating expenses declined 6.7% from the prior-year period to ¥3.08 billion from ¥3.31 billion.

Reported net income fell 94.0% year over year to ¥7.0 million, or ¥1.73 per share, from ¥116.0 million, or ¥28.99 per share.

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