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Yamatane fiscal Q2 profit climbs 52.4% YOY

4916559 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥56.33 per share, a gain of 52.4% from ¥36.96 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥598.6 million, a gain of 52.4% from ¥392.8 million in the year-earlier period.

The normalized profit margin climbed to 4.4% from 2.9% in the year-earlier period.

Total revenue declined on an annual basis to ¥13.51 billion from ¥13.68 billion, and total operating expenses fell year over year to ¥12.19 billion from ¥12.71 billion.

Reported net income grew 53.8% on an annual basis to ¥640.0 million, or ¥60.22 per share, from ¥416.0 million, or ¥39.14 per share.

s of Nov. 14, US$1 was equivalent to ¥116.46.Yamatane Corp.

4916559 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥56.33 per share, a gain of 52.4% from ¥36.96 per share in the prior-year period.