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Japan Publications Trading fiscal Q2 loss narrows YOY

Japan Publications Trading Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of ¥1.79 per share, compared with a loss of ¥15.23 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥1.3 million, compared with a loss of ¥10.6 million in the prior-year period.

The normalized profit margin climbed to negative 0.1% from negative 0.6% in the year-earlier period.

Total revenue climbed 17.3% on an annual basis to ¥2.01 billion from ¥1.71 billion, and total operating expenses increased 17.3% year over year to ¥2.02 billion from ¥1.72 billion.

Reported net income totaled a loss of ¥2.0 million, or a loss of ¥2.87 per share, compared to a loss of ¥17.0 million, or a loss of ¥24.37 per share, in the year-earlier period.

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