Eco's Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥34.55 per share, an increase of 53.9% from ¥22.45 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥334.4 million, a gain of 48.6% from ¥225.0 million in the year-earlier period.
The normalized profit margin rose to 1.1% from 0.8% in the year-earlier period.
Total revenue increased on an annual basis to ¥29.12 billion from ¥27.82 billion, and total operating expenses climbed from the prior-year period to ¥28.55 billion from ¥27.42 billion.
Reported net income increased 62.5% from the prior-year period to ¥367.5 million, or ¥37.97 per share, from ¥226.1 million, or ¥22.56 per share.
As of Oct. 15, US$1 was equivalent to ¥106.21.
