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Tobu Store fiscal Q2 profit climbs 24.6% YOY

Tobu Store Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥23.28 per share, an increase of 24.6% from ¥18.67 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥158.1 million, a gain of 24.6% from ¥126.9 million in the prior-year period.

The normalized profit margin rose to 0.7% from 0.6% in the year-earlier period.

Total revenue climbed year over year to ¥21.38 billion from ¥20.83 billion, and total operating expenses increased on an annual basis to ¥21.21 billion from ¥20.71 billion.

Reported net income rose from the prior-year period to ¥108.0 million, or ¥15.90 per share, from ¥29.0 million, or ¥4.27 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.