Mizuno Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥22.52 per share, compared with a loss of ¥1.89 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥566.5 million, compared with a loss of ¥47.4 million in the year-earlier period.
The normalized profit margin increased to 1.3% from negative 0.1% in the year-earlier period.
Total revenue rose on an annual basis to ¥43.89 billion from ¥43.06 billion, and total operating expenses totaled ¥43.20 billion, compared with ¥42.97 billion in the prior-year period.
Reported net income totaled ¥707.0 million, or ¥28.10 per share, compared to a loss of ¥105.0 million, or a loss of ¥4.19 per share, in the prior-year period.
As of Nov. 14, US$1 was equivalent to ¥116.46.
