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BEAUTY GARAGE fiscal Q2 profit falls YOY

BEAUTY GARAGE Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 was ¥10.51 per share, a decline of 23.2% from ¥13.68 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥66.6 million, a decline of 19.8% from ¥83.1 million in the year-earlier period.

The normalized profit margin fell to 3.1% from 4.5% in the year-earlier period.

Total revenue rose 15.6% on an annual basis to ¥2.13 billion from ¥1.84 billion, and total operating expenses grew 17.7% year over year to ¥2.02 billion from ¥1.72 billion.

Reported net income decreased 18.0% year over year to ¥68.7 million, or ¥10.83 per share, from ¥83.7 million, or ¥13.78 per share.

As of Dec. 14, US$1 was equivalent to ¥120.70.