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Bell-Park Q2 profit climbs YOY

Bell-Park Co.Ltd. said its normalized net income for the second quarter came to ¥54.76 per share, an increase from ¥6.92 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥355.0 million, an increase from ¥44.4 million in the year-earlier period.

The normalized profit margin rose to 1.9% from 0.3% in the year-earlier period.

Total revenue increased 18.8% on an annual basis to ¥18.31 billion from ¥15.41 billion, and total operating expenses rose 16.0% from the prior-year period to ¥17.78 billion from ¥15.33 billion.

Reported net income came to ¥340.5 million, or ¥52.53 per share, compared to a loss of ¥22.4 million, or a loss of ¥3.59 per share, in the year-earlier period.

As of Aug. 11, US$1 was equivalent to ¥124.86.