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Bunkyodo Group fiscal Q2 profit falls YOY

Bunkyodo Group Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 came to ¥2.27 per share, a decrease of 15.6% from ¥2.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.8 million, a decline of 15.6% from ¥37.6 million in the prior-year period.

The normalized profit margin fell to 0.4% from 0.4% in the year-earlier period.

Total revenue totaled ¥8.77 billion, compared with ¥8.70 billion in the year-earlier period, and total operating expenses came to ¥8.71 billion, compared with ¥8.64 billion in the prior-year period.

Reported net income came to ¥41.6 million, or ¥2.98 per share, compared to a loss of ¥3.4 million, or a loss of 25 sen per share, in the year-earlier period.

As of April 14, US$1 was equivalent to ¥119.09.