BRONCO BILLY Co. LTD. said its second-quarter normalized net income amounted to ¥396.9 million, a gain of 25.7% from ¥315.6 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 8.7% from 8.3% in the year-earlier period.

Total revenue climbed 20.0% on an annual basis to ¥4.58 billion from ¥3.82 billion, and total operating expenses climbed 19.6% year over year to ¥3.97 billion from ¥3.32 billion.

Reported net income increased 32.3% on an annual basis to ¥422.0 million, or ¥28.00 per share, from ¥319.0 million.

As of July 25, US$1 was equivalent to ¥106.07.