Nihon Seimitsu Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥3.98 per share, a gain from 8 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥60.6 million, an increase from ¥1.3 million in the year-earlier period.
The normalized profit margin rose to 3.3% from 0.1% in the year-earlier period.
Total revenue rose on an annual basis to ¥1.83 billion from ¥1.75 billion, and total operating expenses increased from the prior-year period to ¥1.79 billion from ¥1.72 billion.
Reported net income came to ¥81.0 million, or ¥5.32 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
