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Nakamuraya fiscal Q2 loss narrows YOY

Nakamuraya Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of ¥58.71 per share, compared with a loss of ¥86.17 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 ¥346.9 million, compared with a loss of ¥508.1 million in the year-earlier period.

The normalized profit margin rose to negative 4.0% from negative 6.0% in the year-earlier period.

Total revenue grew on an annual basis to ¥8.69 billion from ¥8.54 billion, and total operating expenses totaled ¥9.31 billion, compared with ¥9.38 billion in the year-earlier period.

Reported net income totaled a loss of ¥309.0 million, or a loss of ¥52.30 per share, compared to a loss of ¥620.0 million, or a loss of ¥105.15 per share, in the prior-year period.

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