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Sanyo Department Store fiscal Q2 profit falls YOY

Sanyo Department Store Co. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥2.34 per share, a decline of 72.7% from ¥8.56 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.9 million, a decline of 72.7% from ¥6.9 million in the prior-year period.

The normalized profit margin declined to 0.0% from 0.1% in the year-earlier period.

Total revenue decreased year over year to ¥4.55 billion from ¥4.68 billion, and total operating expenses decreased from the prior-year period to ¥4.57 billion from ¥4.68 billion.

As of Oct. 15, US$1 was equivalent to ¥106.21.