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With us Corp. fiscal Q2 profit falls YOY

With us Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥27.76 per share, a decline of 11.8% from ¥31.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥280.0 million, a decline of 11.5% from ¥316.5 million in the prior-year period.

The normalized profit margin dropped to 7.9% from 8.8% in the year-earlier period.

Total revenue fell year over year to ¥3.54 billion from ¥3.62 billion, and total operating expenses totaled ¥3.06 billion, compared with ¥3.09 billion in the prior-year period.

Reported net income decreased year over year to ¥325.1 million, or ¥32.23 per share, from ¥340.0 million, or ¥33.79 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.