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Tsukiji Uoichiba swings to loss in fiscal Q2

Tsukiji Uoichiba Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of ¥2.78 per share, compared with ¥19.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥6.3 million, compared with income of ¥44.4 million in the year-earlier period.

The normalized profit margin fell to negative 0.0% from 0.2% in the year-earlier period.

Total revenue fell on an annual basis to ¥18.95 billion from ¥19.63 billion, and total operating expenses declined on an annual basis to ¥18.98 billion from ¥19.56 billion.

Reported net income came to a loss of ¥12.0 million, or a loss of ¥5.35 per share, compared to income of ¥70.0 million, or ¥31.19 per share, in the prior-year period.

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