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Cox Co. Ltd. fiscal Q2 loss narrows YOY

Cox Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was a loss of 93 Japanese sen per share, compared with a loss of ¥10.16 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥25.6 million, compared with a loss of ¥280.0 million in the prior-year period.

The normalized profit margin climbed to negative 0.5% from negative 5.4% in the year-earlier period.

Total revenue rose on an annual basis to ¥5.38 billion from ¥5.22 billion, and total operating expenses fell year over year to ¥5.47 billion from ¥5.71 billion.

Reported net income came to a loss of ¥208.7 million, or a loss of ¥7.57 per share, compared to a loss of ¥534.0 million, or a loss of ¥19.37 per share, in the prior-year period.

As of Oct. 10, US$1 was equivalent to ¥107.98.