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Cota fiscal Q2 profit falls YOY

Cota Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥6.62 per share, an increase from ¥6.36 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥105.0 million, a decline from ¥107.5 million in the prior-year period.

The normalized profit margin fell to 7.3% from 8.0% in the year-earlier period.

Total revenue increased 7.2% year over year to ¥1.44 billion from ¥1.34 billion, and total operating expenses climbed 8.6% year over year to ¥1.27 billion from ¥1.17 billion.

Reported net income increased on an annual basis to ¥118.0 million, or ¥7.44 per share, from ¥116.0 million, or ¥6.87 per share.

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