Rizap Group Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥1.28 per share, a gain from 44 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥317.1 million, a gain from ¥109.8 million in the year-earlier period.
The normalized profit margin rose to 3.2% from 2.4% in the year-earlier period.
Total revenue grew year over year to ¥9.93 billion from ¥4.55 billion, and total operating expenses increased on an annual basis to ¥9.39 billion from ¥4.63 billion.
Reported net income fell 90.8% on an annual basis to ¥172.0 million, or 70 sen per share, from ¥1.87 billion, or ¥7.56 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
