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Moonbat swings to loss in fiscal Q2

Moonbat Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of ¥7.93 per share, compared with ¥3.65 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 ¥39.4 million, compared with income of ¥18.8 million in the year-earlier period.

The normalized profit margin declined to negative 1.4% from 0.6% in the year-earlier period.

Total revenue decreased 6.6% year over year to ¥2.83 billion from ¥3.03 billion, and total operating expenses fell year over year to ¥2.91 billion from ¥3.01 billion.

Reported net income totaled a loss of ¥53.0 million, or a loss of ¥10.67 per share, compared to income of ¥11.0 million, or ¥2.14 per share, in the prior-year period.

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