trending Market Intelligence /marketintelligence/en/news-insights/trending/eoDg4kKKhgxcQK1x19xryQ2 content esgSubNav
In This List

Iwatsuka Confectionery fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Iwatsuka Confectionery fiscal Q2 profit falls YOY

Iwatsuka Confectionery Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥2.83 per share, a decline of 57.4% from ¥6.63 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.3 million, a decline of 57.4% from ¥38.1 million in the prior-year period.

The normalized profit margin declined to 0.3% from 0.8% in the year-earlier period.

Total revenue rose 7.3% on an annual basis to ¥5.19 billion from ¥4.84 billion, and total operating expenses increased 7.9% from the prior-year period to ¥5.17 billion from ¥4.79 billion.

Reported net income decreased 80.5% year over year to ¥15.0 million, or ¥2.61 per share, from ¥77.0 million, or ¥13.40 per share.

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