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Ten Allied profit holds steady YOY in fiscal Q2

Ten Allied Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of ¥2.94 per share, compared with a loss of ¥2.94 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 ¥76.3 million, compared with a loss of ¥76.3 million in the prior-year period.

The normalized profit margin climbed to negative 2.0% from negative 2.1% in the year-earlier period.

Total revenue increased on an annual basis to ¥3.75 billion from ¥3.65 billion, and total operating expenses climbed year over year to ¥3.87 billion from ¥3.77 billion.

Reported net income totaled a loss of ¥216.0 million, or a loss of ¥8.32 per share, compared to a loss of ¥163.0 million, or a loss of ¥6.28 per share, in the year-earlier period.

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