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Central Japan Railway fiscal Q2 profit climbs 19.2% YOY

Central Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥593.36 per share, a gain of 19.3% from ¥497.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥116.66 billion, an increase of 19.2% from ¥97.91 billion in the prior-year period.

The normalized profit margin climbed to 25.2% from 22.1% in the year-earlier period.

Total revenue climbed year over year to ¥462.32 billion from ¥443.55 billion, and total operating expenses totaled ¥272.56 billion, compared with ¥275.05 billion in the prior-year period.

Reported net income fell 5.4% from the prior-year period to ¥102.67 billion, or ¥522.17 per share, from ¥108.57 billion, or ¥551.67 per share.

As of Nov. 14, US$1 was equivalent to ¥113.32.