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Nishimatsuya fiscal Q2 profit falls YOY

Nishimatsuya Chain Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 20 came to ¥6.30 per share, a decrease of 8.8% from ¥6.91 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥417.5 million, a decrease of 9.1% from ¥459.4 million in the prior-year period.

The normalized profit margin dropped to 1.4% from 1.5% in the year-earlier period.

Total revenue declined year over year to ¥29.72 billion from ¥30.55 billion, and total operating expenses decreased from the prior-year period to ¥29.10 billion from ¥29.89 billion.

Reported net income rose from the prior-year period to ¥543.0 million, or ¥8.20 per share, from ¥267.0 million, or ¥4.02 per share.

As of Oct. 2, US$1 was equivalent to ¥108.61.