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Parco fiscal Q2 profit climbs 8.5% YOY

Parco Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥20.52 per share, a gain of 8.5% from ¥18.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.08 billion, a gain of 8.5% from ¥1.92 billion in the prior-year period.

The normalized profit margin climbed to 3.2% from 2.9% in the year-earlier period.

Total revenue totaled ¥64.47 billion, compared with ¥65.06 billion in the year-earlier period, and total operating expenses fell on an annual basis to ¥61.16 billion from ¥61.92 billion.

Reported net income increased 16.5% year over year to ¥1.97 billion, or ¥19.44 per share, from ¥1.69 billion, or ¥16.69 per share.

As of Oct. 9, US$1 was equivalent to ¥107.90.