trending Market Intelligence /marketintelligence/en/news-insights/trending/p7A0mL_eIuGnfcHjHVcEPg2 content esgSubNav
In This List

Ito En fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Ito En fiscal Q2 profit falls YOY

Ito En Ltd. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to ¥29.63 per share, a decrease of 31.3% from ¥43.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.65 billion, a decline of 31.3% from ¥5.31 billion in the prior-year period.

The normalized profit margin declined to 3.2% from 4.4% in the year-earlier period.

Total revenue decreased on an annual basis to ¥115.15 billion from ¥119.79 billion, and total operating expenses declined year over year to ¥109.16 billion from ¥110.90 billion.

Reported net income declined 36.7% from the prior-year period to ¥3.27 billion, or ¥26.56 per share, from ¥5.17 billion, or ¥41.98 per share.

As of Dec. 12, US$1 was equivalent to ¥118.57.