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SECOM fiscal Q2 profit falls YOY

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SECOM fiscal Q2 profit falls YOY

Secom Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥86.62 per share, a decrease of 5.3% from ¥91.45 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.90 billion, a decline of 5.3% from ¥19.96 billion in the year-earlier period.

The normalized profit margin declined to 8.2% from 8.8% in the year-earlier period.

Total revenue climbed on an annual basis to ¥230.62 billion from ¥226.96 billion, and total operating expenses climbed on an annual basis to ¥198.52 billion from ¥194.83 billion.

Reported net income came to ¥20.76 billion, or ¥95.10 per share, compared with ¥20.81 billion, or ¥95.35 per share, in the prior-year period.

As of Nov. 14, US$1 was equivalent to ¥113.32.