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Papyless posts fiscal Q2 profit

Papyless Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥142.9 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.3%.

Total revenue came to ¥2.69 billion, and total operating expenses totaled ¥2.44 billion.

Reported net income came to ¥141.2 million, or ¥14.36 per share.

As of Nov. 11, US$1 was equivalent to ¥122.91.