Nihon Plast Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥36.77 per share, a gain from ¥11.17 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥455.1 million, an increase from ¥157.4 million in the year-earlier period.
The normalized profit margin increased to 1.5% from 0.5% in the year-earlier period.
Total revenue totaled ¥29.45 billion, compared with ¥29.61 billion in the prior-year period, and total operating expenses declined on an annual basis to ¥28.61 billion from ¥29.32 billion.
Reported net income grew 82.5% year over year to ¥520.0 million, or ¥42.01 per share, from ¥285.0 million, or ¥20.22 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
