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Yutaka Giken fiscal Q2 profit climbs 24.0% YOY

Yutaka Giken Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥110.66 per share, an increase of 24.0% from ¥89.27 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.64 billion, a gain of 24.0% from ¥1.32 billion in the year-earlier period.

The normalized profit margin rose to 3.3% from 2.8% in the year-earlier period.

Total revenue rose on an annual basis to ¥49.79 billion from ¥47.47 billion, and total operating expenses increased 5.1% from the prior-year period to ¥46.90 billion from ¥44.63 billion.

Reported net income rose 45.9% on an annual basis to ¥2.22 billion, or ¥150.09 per share, from ¥1.52 billion, or ¥102.85 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.