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JSS Corp. fiscal Q2 profit climbs 48.6% YOY

JSS Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥34.17 per share, an increase of 48.6% from ¥22.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥137.5 million, a gain of 48.6% from ¥92.5 million in the year-earlier period.

The normalized profit margin rose to 6.5% from 4.6% in the year-earlier period.

Total revenue climbed 5.2% year over year to ¥2.13 billion from ¥2.02 billion, and total operating expenses climbed on an annual basis to ¥1.90 billion from ¥1.86 billion.

Reported net income rose 80.0% on an annual basis to ¥144.0 million, or ¥35.79 per share, from ¥80.0 million, or ¥19.88 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.