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Genky Stores fiscal Q2 profit climbs 74.9% YOY

Genky Stores Inc. said its normalized net income for the fiscal second quarter ended Dec. 20, 2014, came to ¥26.02 per share, an increase of 73.6% from ¥14.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥366.3 million, an increase of 74.9% from ¥209.4 million in the year-earlier period.

The normalized profit margin climbed to 2.4% from 1.5% in the year-earlier period.

Total revenue rose 6.7% year over year to ¥15.20 billion from ¥14.24 billion, and total operating expenses increased 5.0% from the prior-year period to ¥14.64 billion from ¥13.94 billion.

Reported net income rose 90.3% on an annual basis to ¥384.1 million, or ¥27.28 per share, from ¥201.8 million, or ¥14.45 per share.

As of Jan. 30, US$1 was equivalent to ¥117.42.