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Token fiscal Q2 profit climbs 8.0% YOY

Token Corp. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to ¥35.88 per share, a gain of 8.0% from ¥33.22 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥483.1 million, a gain of 8.0% from ¥447.5 million in the prior-year period.

The normalized profit margin rose to 0.8% from 0.8% in the year-earlier period.

Total revenue increased 5.6% year over year to ¥62.20 billion from ¥58.90 billion, and total operating expenses grew 5.6% year over year to ¥61.55 billion from ¥58.31 billion.

Reported net income rose 18.7% from the prior-year period to ¥311.0 million, or ¥23.10 per share, from ¥262.0 million, or ¥19.45 per share.

As of Dec. 12, US$1 was equivalent to ¥118.57.