Warabeya Nichiyo Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥66.03 per share, a gain of 5.6% from ¥62.56 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.16 billion, a gain of 5.6% from ¥1.10 billion in the year-earlier period.
The normalized profit margin dropped to 2.2% from 2.2% in the year-earlier period.
Total revenue grew 6.8% on an annual basis to ¥53.05 billion from ¥49.70 billion, and total operating expenses increased 6.9% from the prior-year period to ¥51.43 billion from ¥48.12 billion.
Reported net income grew 5.5% year over year to ¥1.10 billion, or ¥62.45 per share, from ¥1.04 billion, or ¥59.21 per share.
As of Oct. 6, US$1 was equivalent to ¥109.17.
