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Daytona Q2 profit climbs 27.3% YOY

Daytona Corp. said its normalized net income for the second quarter came to ¥41.05 per share, a gain of 26.5% from ¥32.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥87.5 million, an increase of 27.3% from ¥68.8 million in the year-earlier period.

The normalized profit margin climbed to 5.4% from 4.6% in the year-earlier period.

Total revenue grew 8.2% on an annual basis to ¥1.61 billion from ¥1.49 billion, and total operating expenses climbed 6.7% from the prior-year period to ¥1.47 billion from ¥1.38 billion.

Reported net income rose 41.8% year over year to ¥89.8 million, or ¥42.15 per share, from ¥63.3 million, or ¥29.91 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.