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TOA Corp. fiscal Q2 profit climbs 37.9% YOY

TOA Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥23.29 per share, an increase of 37.9% from ¥16.89 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥788.9 million, an increase of 37.9% from ¥572.1 million in the prior-year period.

The normalized profit margin increased to 7.2% from 5.3% in the year-earlier period.

Total revenue increased on an annual basis to ¥10.95 billion from ¥10.72 billion, and total operating expenses came to ¥9.75 billion, compared with ¥9.75 billion in the year-earlier period.

Reported net income rose 41.8% year over year to ¥919.0 million, or ¥27.14 per share, from ¥648.0 million, or ¥19.13 per share.

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