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Mbs Inc. fiscal Q2 profit climbs 24.6% YOY

Mbs Inc. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, came to ¥8.88 per share, an increase of 25.2% from ¥7.10 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥53.8 million, an increase of 24.6% from ¥43.1 million in the year-earlier period.

The normalized profit margin rose to 11.4% from 9.9% in the year-earlier period.

Total revenue climbed 8.3% year over year to ¥472.0 million from ¥436.0 million, and total operating expenses increased 9.7% on an annual basis to ¥407.0 million from ¥371.0 million.

Reported net income increased 28.6% year over year to ¥54.0 million, or ¥8.92 per share, from ¥42.0 million, or ¥6.91 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.