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Shoei fiscal Q2 profit climbs 18.8% YOY

Shoei Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 was ¥49.06 per share, an increase of 18.8% from ¥41.30 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥675.6 million, an increase of 18.8% from ¥568.8 million in the prior-year period.

The normalized profit margin climbed to 17.1% from 15.0% in the year-earlier period.

Total revenue grew year over year to ¥3.95 billion from ¥3.78 billion, and total operating expenses came to ¥2.83 billion, compared with ¥2.82 billion in the prior-year period.

Reported net income grew 14.9% on an annual basis to ¥655.0 million, or ¥47.56 per share, from ¥570.0 million, or ¥41.39 per share.

As of May 14, US$1 was equivalent to ¥119.24.