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FamilyMart UNY fiscal Q2 profit falls YOY

FamilyMart UNY Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥74.00 per share, a decrease of 27.1% from ¥101.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥7.02 billion, a decrease of 27.1% from ¥9.63 billion in the prior-year period.

The normalized profit margin dropped to 7.3% from 10.4% in the year-earlier period.

Total revenue climbed on an annual basis to ¥95.67 billion from ¥92.76 billion, and total operating expenses rose 7.5% on an annual basis to ¥83.25 billion from ¥77.46 billion.

Reported net income fell 24.6% from the prior-year period to ¥6.43 billion, or ¥67.76 per share, from ¥8.53 billion, or ¥89.87 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.