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Y's Table swings to profit in fiscal Q2

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Y's Table swings to profit in fiscal Q2

Y's Table Corp. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥13.44 per share, compared with a loss of ¥2.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.8 million, compared with a loss of ¥7.8 million in the prior-year period.

The normalized profit margin increased to 0.9% from negative 0.2% in the year-earlier period.

Total revenue increased 7.7% on an annual basis to ¥3.77 billion from ¥3.50 billion, and total operating expenses increased 5.3% from the prior-year period to ¥3.72 billion from ¥3.54 billion.

Reported net income came to a loss of ¥23.0 million, or a loss of ¥8.64 per share, compared to a loss of ¥34.0 million, or a loss of ¥12.78 per share, in the year-earlier period.

As of Oct. 15, US$1 was equivalent to ¥118.46.