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J-Holdings Q2 loss narrows YOY

J-Holdings Corp. said its second-quarter normalized net income amounted to a loss of ¥7.98 per share, compared with a loss of ¥14.35 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥14.4 million, compared with a loss of ¥25.6 million in the prior-year period.

The normalized profit margin increased to negative 5.2% from negative 13.8% in the year-earlier period.

Total revenue grew 48.9% year over year to ¥277.0 million from ¥186.0 million, and total operating expenses grew 33.2% from the prior-year period to ¥301.0 million from ¥226.0 million.

Reported net income came to a loss of ¥24.0 million, or a loss of ¥13.32 per share, compared to a loss of ¥41.0 million, or a loss of ¥22.96 per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥124.29.