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Marumitsu fiscal Q2 loss widens 12.8% YOY

4244397 said its normalized net income for the fiscal second quarter ended Sept. 20 was a loss of ¥4.86 per share, compared with a loss of ¥4.92 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 ¥99.4 million, compared with a loss of ¥88.1 million in the prior-year period.

The normalized profit margin declined to negative 3.7% from negative 3.0% in the year-earlier period.

Total revenue declined 6.6% on an annual basis to ¥2.70 billion from ¥2.89 billion, and total operating expenses declined 5.8% from the prior-year period to ¥2.83 billion from ¥3.00 billion.

Reported net income came to a loss of ¥160.0 million, or a loss of ¥7.82 per share, compared to a loss of ¥125.5 million, or a loss of ¥7.00 per share, in the prior-year period.

s of Nov. 4, US$1 was equivalent to ¥121.57.Marumitsu Co. Ltd.

4244397 said its normalized net income for the fiscal second quarter ended Sept. 20 was a loss of ¥4.86 per share, compared with a loss of ¥4.92 per share in the year-earlier period.