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Renaissance posts fiscal Q2 profit

RenaissanceInc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥543.8 million.

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

The normalized profit margin was 4.9%.

Total revenue came to ¥11.01 billion, and total operating expenses came to ¥10.06 billion.

Reported net income came to ¥499.0 million, or ¥33.45 per share.

As of Nov. 6, US$1 was equivalent to ¥123.17.