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Sunday Co. Ltd. fiscal Q2 profit falls YOY

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Sunday Co. Ltd. fiscal Q2 profit falls YOY

Sunday Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥29.92 per share, a decrease of 15.2% from ¥35.28 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥322.5 million, a decline of 15.1% from ¥380.0 million in the year-earlier period.

The normalized profit margin dropped to 2.6% from 3.0% in the year-earlier period.

Total revenue came to ¥12.48 billion, compared with ¥12.54 billion in the year-earlier period, and total operating expenses came to ¥11.96 billion, compared with ¥11.93 billion in the year-earlier period.

Reported net income declined 16.4% on an annual basis to ¥306.9 million, or ¥28.44 per share, from ¥367.1 million, or ¥34.08 per share.

As of Oct. 9, US$1 was equivalent to ¥107.90.