AP Co. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥30.41 per share, an increase of 94.3% from ¥15.65 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥225.9 million, a gain of 94.3% from ¥116.3 million in the prior-year period.
The normalized profit margin climbed to 4.8% from 3.1% in the year-earlier period.
Total revenue grew 24.8% year over year to ¥4.69 billion from ¥3.76 billion, and total operating expenses increased 21.2% from the prior-year period to ¥4.38 billion from ¥3.61 billion.
Reported net income rose 91.4% year over year to ¥201.0 million, or ¥27.06 per share, from ¥105.0 million, or ¥14.14 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
