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Sato Foods posts fiscal Q2 loss

Sato Foods Co. Ltd. said its normalized net income for the fiscal second quarter ended Oct. 31 was a loss of ¥1.9 million.

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

The normalized profit margin was 0.0%.

Total revenue totaled ¥7.44 billion, and total operating expenses totaled ¥7.48 billion.

Reported net income totaled a loss of ¥65.0 million, or a loss of ¥13.53 per share.

As of Dec. 14, US$1 was equivalent to ¥120.70.