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Maruman & Co. fiscal Q2 loss narrows YOY

Maruman & Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to a loss of ¥1.48 per share, compared with a loss of ¥2.61 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 ¥18.1 million, compared with a loss of ¥31.9 million in the year-earlier period.

The normalized profit margin climbed to negative 1.2% from negative 2.1% in the year-earlier period.

Total revenue rose year over year to ¥1.54 billion from ¥1.49 billion, and total operating expenses totaled ¥1.55 billion, compared with ¥1.55 billion in the year-earlier period.

Reported net income totaled a loss of ¥31.0 million, or a loss of ¥2.53 per share, compared to a loss of ¥67.0 million, or a loss of ¥5.48 per share, in the year-earlier period.

As of May 13, US$1 was equivalent to ¥109.14.