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West Japan Railway fiscal Q1 profit climbs 22.0% YOY

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West Japan Railway fiscal Q1 profit climbs 22.0% YOY

West Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 was ¥158.80 per share, an increase of 22.0% from ¥130.12 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.75 billion, a gain of 22.0% from ¥25.19 billion in the year-earlier period.

The normalized profit margin climbed to 8.7% from 7.4% in the year-earlier period.

Total revenue grew on an annual basis to ¥352.53 billion from ¥338.15 billion, and total operating expenses increased on an annual basis to ¥297.73 billion from ¥292.83 billion.

Reported net income grew 26.0% on an annual basis to ¥34.74 billion, or ¥179.44 per share, from ¥27.57 billion, or ¥142.39 per share.

As of Aug. 10, US$1 was equivalent to ¥109.48.