trending Market Intelligence /marketintelligence/en/news-insights/trending/ow2bP8Jv12KWavhI7-lnAw2 content esgSubNav
In This List

Wakou Shokuhin fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Wakou Shokuhin fiscal Q2 profit falls YOY

Wakou Shokuhin Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥31.30 per share, a decline of 74.1% from ¥120.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.6 million, a decrease of 74.1% from ¥98.8 million in the prior-year period.

The normalized profit margin dropped to 1.4% from 6.5% in the year-earlier period.

Total revenue rose 18.6% year over year to ¥1.81 billion from ¥1.53 billion, and total operating expenses increased 22.5% year over year to ¥1.77 billion from ¥1.45 billion.

Reported net income decreased 82.8% from the prior-year period to ¥16.0 million, or ¥19.54 per share, from ¥93.0 million, or ¥113.58 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.