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JICHODO fiscal Q2 profit climbs 10.1% YOY

JICHODO Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to ¥199.45 per share, an increase of 10.1% from ¥181.19 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥614.4 million, an increase of 10.1% from ¥558.1 million in the year-earlier period.

The normalized profit margin increased to 12.9% from 10.8% in the year-earlier period.

Total revenue declined 7.6% year over year to ¥4.77 billion from ¥5.16 billion, and total operating expenses declined 6.4% year over year to ¥4.10 billion from ¥4.38 billion.

Reported net income rose 19.6% from the prior-year period to ¥1.19 billion, or ¥384.69 per share, from ¥991.0 million, or ¥321.71 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.