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Takachiho fiscal Q2 profit climbs 77.0% YOY

Takachiho Co.Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥268.74 per share, a gain of 77.0% from ¥151.81 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥168.1 million, a gain of 77.0% from ¥95.0 million in the prior-year period.

The normalized profit margin rose to 4.8% from 2.7% in the year-earlier period.

Total revenue totaled ¥3.48 billion, compared with ¥3.50 billion in the prior-year period, and total operating expenses declined year over year to ¥3.20 billion from ¥3.34 billion.

Reported net income grew 88.2% from the prior-year period to ¥192.0 million, or ¥306.91 per share, from ¥102.0 million, or ¥162.99 per share.

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