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Maruko posts fiscal Q2 profit

Maruko Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥2.5 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.1%.

Total revenue totaled ¥3.42 billion, and total operating expenses totaled ¥3.43 billion.

Reported net income came to a loss of ¥2.98 billion, or a loss of ¥97.93 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.