Sato Foods Industries Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥20.31 per share, a gain of 11.5% from ¥18.21 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥126.9 million, a gain of 11.5% from ¥113.8 million in the prior-year period.
The normalized profit margin rose to 9.0% from 7.8% in the year-earlier period.
Total revenue fell year over year to ¥1.42 billion from ¥1.46 billion, and total operating expenses declined from the prior-year period to ¥1.22 billion from ¥1.28 billion.
Reported net income grew 50.0% on an annual basis to ¥36.0 million, or ¥5.76 per share, from ¥24.0 million, or ¥3.84 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
