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Ajinomoto profit holds mostly steady YOY in fiscal Q2

Ajinomoto Co. Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥14.09 per share, an increase from ¥13.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.34 billion, compared with ¥8.34 billion in the year-earlier period.

The normalized profit margin increased to 3.5% from 3.4% in the year-earlier period.

Total revenue decreased year over year to ¥240.04 billion from ¥245.00 billion, and total operating expenses declined year over year to ¥224.76 billion from ¥229.93 billion.

Reported net income decreased 9.7% year over year to ¥9.80 billion, or ¥16.56 per share, from ¥10.85 billion, or ¥17.68 per share.

As of Nov. 11, US$1 was equivalent to ¥115.82.