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Bronco Billy Q2 profit climbs 8.4% YOY

Bronco Billy Co. Ltd. said its normalized net income for the second quarter amounted to ¥315.6 million, a rise of 8.4% from ¥291.3 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 8.3% from 9.2% in the year-earlier period.

Total revenue climbed 20.9% on an annual basis to ¥3.82 billion from ¥3.16 billion, and total operating expenses rose 22.9% from the prior-year period to ¥3.32 billion from ¥2.70 billion.

Reported net income came to ¥319.0 million, compared with ¥280.0 million, or ¥21.12 per share, in the year-earlier period.

As of July 24, US$1 was equivalent to ¥123.70.