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T.Kawabe & Co. fiscal Q2 profit climbs YOY

T.Kawabe & Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥8.49 per share, a gain from ¥3.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥155.0 million, a gain from ¥63.1 million in the year-earlier period.

The normalized profit margin rose to 3.8% from 1.7% in the year-earlier period.

Total revenue climbed 10.0% on an annual basis to ¥4.10 billion from ¥3.73 billion, and total operating expenses grew 6.7% on an annual basis to ¥3.87 billion from ¥3.62 billion.

Reported net income increased on an annual basis to ¥148.0 million, or ¥8.10 per share, from ¥40.0 million, or ¥2.19 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.