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Tsukada Global Q2 profit climbs 15.0% YOY

Tsukada Global Holdings Inc. said its second-quarter normalized net income amounted to ¥17.91 per share, an increase from ¥17.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.08 billion, a gain of 15.0% from ¥943.8 million in the year-earlier period.

The normalized profit margin increased to 7.8% from 7.5% in the year-earlier period.

Total revenue rose 11.1% year over year to ¥13.96 billion from ¥12.57 billion, and total operating expenses rose 10.1% from the prior-year period to ¥12.23 billion from ¥11.10 billion.

Reported net income grew 23.5% from the prior-year period to ¥1.13 billion, or ¥18.58 per share, from ¥911.3 million, or ¥16.66 per share.

As of Aug. 14, US$1 was equivalent to ¥124.29.