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Central Japan Railway fiscal Q2 profit climbs 26.6% YOY

Central Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥502.08 per share, an increase of 26.6% from ¥396.65 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥98.81 billion, an increase of 26.6% from ¥78.06 billion in the year-earlier period.

The normalized profit margin rose to 22.2% from 18.6% in the year-earlier period.

Total revenue rose 6.2% on an annual basis to ¥445.82 billion from ¥419.61 billion, and total operating expenses came to ¥279.43 billion, compared with ¥277.59 billion in the year-earlier period.

Reported net income rose 17.7% year over year to ¥98.40 billion, or ¥500.02 per share, from ¥83.62 billion, or ¥424.88 per share.

As of Nov. 5, US$1 was equivalent to ¥121.55.