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Jason Co. fiscal Q2 profit climbs 36.6% YOY

Jason Co. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥6.73 per share, an increase of 36.6% from ¥4.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥86.3 million, a gain of 36.6% from ¥63.1 million in the prior-year period.

The normalized profit margin climbed to 1.6% from 1.2% in the year-earlier period.

Total revenue increased year over year to ¥5.42 billion from ¥5.25 billion, and total operating expenses grew year over year to ¥5.29 billion from ¥5.17 billion.

Reported net income grew 53.7% on an annual basis to ¥83.0 million, or ¥6.48 per share, from ¥54.0 million, or ¥4.21 per share.

As of Oct. 15, US$1 was equivalent to ¥106.21.