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Asrapport Dining fiscal Q2 profit climbs 68.3% YOY

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Asrapport Dining fiscal Q2 profit climbs 68.3% YOY

Asrapport Dining Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥2.17 per share, an increase of 62.8% from ¥1.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥42.5 million, a gain of 68.3% from ¥25.3 million in the prior-year period.

The normalized profit margin climbed to 1.7% from 1.2% in the year-earlier period.

Total revenue rose 14.8% year over year to ¥2.49 billion from ¥2.17 billion, and total operating expenses grew 14.7% on an annual basis to ¥2.40 billion from ¥2.10 billion.

Reported net income rose 50.7% year over year to ¥44.9 million, or ¥2.29 per share, from ¥29.8 million, or ¥1.57 per share.

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