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Felissimo fiscal Q2 loss narrows YOY

Felissimo Corp. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to a loss of ¥1.71 per share, compared with a loss of ¥5.01 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥16.9 million, compared with a loss of ¥49.4 million in the year-earlier period.

The normalized profit margin increased to negative 0.2% from negative 0.5% in the year-earlier period.

Total revenue fell 9.8% year over year to ¥8.92 billion from ¥9.88 billion, and total operating expenses decreased 10.5% on an annual basis to ¥8.98 billion from ¥10.03 billion.

Reported net income came to a loss of ¥105.0 million, or a loss of ¥10.65 per share, compared to a loss of ¥43.0 million, or a loss of ¥4.36 per share, in the year-earlier period.

As of Oct. 14, US$1 was equivalent to ¥107.05.