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Cassina Ixc. posts Q2 profit

Cassina Ixc. Ltd. said its second-quarter normalized net income amounted to ¥20.0 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.9%.

Total revenue totaled ¥2.30 billion, and total operating expenses came to ¥2.27 billion.

Reported net income came to a loss of ¥4.0 million, or a loss of ¥1.05 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.