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Meiji Holdings fiscal Q2 profit climbs 39.3% YOY

Meiji Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥87.60 per share, a gain of 41.5% from ¥61.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥12.70 billion, a gain of 39.3% from ¥9.12 billion in the year-earlier period.

The normalized profit margin rose to 4.1% from 3.0% in the year-earlier period.

Total revenue increased year over year to ¥310.16 billion from ¥305.71 billion, and total operating expenses came to ¥289.45 billion, compared with ¥290.43 billion in the year-earlier period.

Reported net income rose 88.9% year over year to ¥14.43 billion, or ¥99.49 per share, from ¥7.64 billion, or ¥51.87 per share.

As of Nov. 10, US$1 was equivalent to ¥113.32.