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Zoa Corp. fiscal Q2 profit climbs YOY

Zoa Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥4.4 million, a gain from ¥1.9 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.2% from 0.1% in the year-earlier period.

Total revenue fell 21.6% year over year to ¥2.33 billion from ¥2.98 billion, and total operating expenses declined 21.8% year over year to ¥2.33 billion from ¥2.98 billion.

Reported net income came to ¥2.0 million, or 96 sen per share, compared to ¥2.0 million in the prior-year period.

As of Nov. 14, US$1 was equivalent to ¥116.46.