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Nitto Seimo fiscal Q2 profit climbs 9.3% YOY

Nitto Seimo Co. Ltd. said its normalized net income for the fiscal second quarter ended Oct. 31 was ¥63.47 per share, a gain of 9.3% from ¥58.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥165.0 million, a gain of 9.3% from ¥151.0 million in the prior-year period.

The normalized profit margin increased to 3.9% from 3.5% in the year-earlier period.

Total revenue totaled ¥4.28 billion, compared with ¥4.30 billion in the year-earlier period, and total operating expenses came to ¥4.03 billion, compared with ¥4.02 billion in the year-earlier period.

Reported net income rose from the prior-year period to ¥136.0 million, or ¥52.31 per share, from ¥133.0 million, or ¥51.16 per share.

As of Dec. 10, US$1 was equivalent to ¥118.76.