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Ginza Yamagataya fiscal Q2 loss narrows YOY

Ginza Yamagataya Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of ¥60.48 per share, compared with a loss of ¥61.55 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 ¥104.4 million, compared with a loss of ¥106.3 million in the prior-year period.

The normalized profit margin climbed to negative 11.2% from negative 12.5% in the year-earlier period.

Total revenue grew 9.9% year over year to ¥935.0 million from ¥851.0 million, and total operating expenses climbed 7.4% year over year to ¥1.10 billion from ¥1.03 billion.

Reported net income totaled a loss of ¥155.0 million, or a loss of ¥89.81 per share, compared to a loss of ¥162.0 million, or a loss of ¥93.85 per share, in the year-earlier period.

As of Nov. 12, US$1 was equivalent to ¥122.92.