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Shirohato fiscal Q2 profit climbs 8.9% YOY

Shirohato Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to ¥7.99 per share, a decrease of 9.0% from ¥8.79 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.6 million, a gain of 8.9% from ¥28.1 million in the year-earlier period.

The normalized profit margin declined to 2.8% from 3.2% in the year-earlier period.

Total revenue rose 24.9% on an annual basis to ¥1.09 billion from ¥876.0 million, and total operating expenses rose 26.4% year over year to ¥1.04 billion from ¥826.0 million.

Reported net income rose 30.4% on an annual basis to ¥30.0 million, or ¥7.83 per share, from ¥23.0 million, or ¥7.19 per share.

As of April 14, US$1 was equivalent to ¥119.09.