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BEENOS fiscal Q2 profit climbs 28.8% YOY

BEENOS Inc. said its normalized net income for the fiscal second quarter ended March 31 was ¥13.34 per share, a gain of 29.4% from ¥10.31 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥163.1 million, an increase of 28.8% from ¥126.6 million in the year-earlier period.

The normalized profit margin increased to 3.6% from 3.1% in the year-earlier period.

Total revenue grew 12.2% year over year to ¥4.54 billion from ¥4.05 billion, and total operating expenses climbed 11.2% from the prior-year period to ¥4.25 billion from ¥3.82 billion.

Reported net income decreased 14.7% from the prior-year period to ¥191.3 million, or ¥15.65 per share, from ¥224.2 million, or ¥18.26 per share.

As of May 10, US$1 was equivalent to ¥109.05.