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Take & Give Needs fiscal Q2 profit climbs 86.9% YOY

Take & Give Needs Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥8.15 per share, an increase of 87.0% from ¥4.36 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥105.6 million, a gain of 86.9% from ¥56.5 million in the prior-year period.

The normalized profit margin climbed to 0.8% from 0.4% in the year-earlier period.

Total revenue came to ¥13.79 billion, compared with ¥13.81 billion in the year-earlier period, and total operating expenses totaled ¥13.54 billion, compared with ¥13.67 billion in the year-earlier period.

Reported net income came to a loss of ¥23.0 million, or a loss of ¥1.77 per share, compared to a loss of ¥59.0 million, or a loss of ¥4.55 per share, in the year-earlier period.

As of Nov. 14, US$1 was equivalent to ¥116.46.