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Oriental Land fiscal Q2 profit climbs YOY

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Oriental Land fiscal Q2 profit climbs YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥54.37 per share, an increase from ¥53.31 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.76 billion, an increase from ¥18.49 billion in the prior-year period.

The normalized profit margin climbed to 15.8% from 15.6% in the year-earlier period.

Total revenue totaled ¥118.74 billion, compared with ¥118.49 billion in the year-earlier period, and total operating expenses came to ¥89.18 billion, compared with ¥89.30 billion in the prior-year period.

Reported net income increased 6.2% on an annual basis to ¥20.47 billion, or ¥59.30 per share, from ¥19.26 billion, or ¥55.54 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.