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Central Japan Railway fiscal Q1 profit climbs YOY

Central Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 was ¥503.74 per share, a gain from ¥486.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥99.13 billion, an increase from ¥95.67 billion in the prior-year period.

The normalized profit margin increased to 22.7% from 22.6% in the year-earlier period.

Total revenue rose year over year to ¥437.22 billion from ¥423.20 billion, and total operating expenses came to ¥255.09 billion, compared with ¥257.00 billion in the year-earlier period.

Reported net income increased 11.1% from the prior-year period to ¥118.19 billion, or ¥600.55 per share, from ¥106.41 billion, or ¥540.72 per share.

As of Aug. 9, US$1 was equivalent to ¥110.07.