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West Japan Railway fiscal Q1 profit climbs 11.8% YOY

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West Japan Railway fiscal Q1 profit climbs 11.8% YOY

West Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 came to ¥109.49 per share, an increase of 11.8% from ¥97.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.20 billion, a gain of 11.8% from ¥18.97 billion in the prior-year period.

The normalized profit margin climbed to 6.7% from 6.1% in the year-earlier period.

Total revenue grew year over year to ¥315.22 billion from ¥310.87 billion, and total operating expenses increased on an annual basis to ¥276.82 billion from ¥273.78 billion.

Reported net income grew 51.6% on an annual basis to ¥28.18 billion, or ¥145.56 per share, from ¥18.59 billion, or ¥95.99 per share.

As of Aug. 6, US$1 was equivalent to ¥102.36.