V-band CCD observations at Ouda Station (Kyoto University) indicates that S10932 was fading rapidly on Jan. 2. An approximate magnitude outside eclipses was V=14.8 on Jan. 2.89, while the object was observed at around V=14.0 on Jan. 1.83-1.89 (magnitudes were calibrated using GO Com and AL Com secondary standards). This fact suggests that the present outburst of S10932 is a normal one, which is also supported by the lack of apparent superhumps. Following mid-eclipse times were also obtained: JD 2450085.21978 (HJD 2450085.22081) 2450085.30667 2450085.30771 The depth of the second eclipse was 3.2 mag, which is one of the deepest known among outbursting dwarf novae. The duration of eclispes were ~10 min. From available eclipse times (with those in IBVS 4182), we have obtained the following two candidates of improved ephemerides. (1) Min.HJD = 2449486.48095 + 0.0870261 E 50085.30771 + 0.0870261 E observed E O-C (+2400000) 49484.39340 -24 0.00107 49484.48070 -23 0.00135 49486.48160 0 0.00065 49488.39090 22 -0.00463 49488.48410 23 0.00155 50084.35030 6870 -0.00012 50085.22081 6880 0.00013 50085.30771 6881 0.00000 (2) Min.HJD = 2449486.48096 + 0.0870388 E 50085.30775 + 0.0870388 E observed E O-C (+2400000) 49484.39340 -24 0.00137 49484.48070 -23 0.00163 49486.48160 0 0.00064 49488.39090 22 -0.00491 49488.48410 23 0.00125 50084.35030 6869 -0.00003 50085.22081 6879 0.00009 50085.30771 6880 -0.00004 Regards, Taichi Kato & Ouda team