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Fujiya Q2 loss widens 7.6% YOY

Fujiya Co. Ltd. said its normalized net income for the second quarter came to a loss of ¥19.06 per share, compared with a loss of ¥17.71 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 ¥491.4 million, compared with a loss of ¥456.6 million in the year-earlier period.

The normalized profit margin declined to negative 2.1% from negative 1.9% in the year-earlier period.

Total revenue increased year over year to ¥23.84 billion from ¥23.46 billion, and total operating expenses climbed year over year to ¥24.47 billion from ¥24.09 billion.

Reported net income totaled a loss of ¥893.0 million, or a loss of ¥34.64 per share, compared to a loss of ¥862.0 million, or a loss of ¥33.44 per share, in the prior-year period.

As of Aug. 10, US$1 was equivalent to ¥124.53.