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Sanko Marketing Foods fiscal Q2 profit climbs YOY

Sanko Marketing Foods Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to ¥9.51 per share, a gain from ¥1.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥136.9 million, a gain from ¥27.5 million in the year-earlier period.

The normalized profit margin climbed to 3.8% from 0.7% in the year-earlier period.

Total revenue fell 5.5% on an annual basis to ¥3.61 billion from ¥3.82 billion, and total operating expenses fell 9.5% from the prior-year period to ¥3.43 billion from ¥3.79 billion.

Reported net income came to ¥208.0 million, or ¥14.46 per share, compared to a loss of ¥192.0 million, or a loss of ¥13.35 per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to ¥112.83.