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BEAUTY GARAGE fiscal Q2 profit climbs YOY

BEAUTY GARAGE Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 was ¥13.68 per share, a gain from ¥2.94 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥83.1 million, a gain from ¥17.5 million in the prior-year period.

The normalized profit margin rose to 4.5% from 1.1% in the year-earlier period.

Total revenue climbed 18.8% on an annual basis to ¥1.84 billion from ¥1.55 billion, and total operating expenses grew 13.1% on an annual basis to ¥1.72 billion from ¥1.52 billion.

Reported net income rose year over year to ¥83.7 million, or ¥13.78 per share, from ¥11.7 million, or ¥1.97 per share.

As of Dec. 12, US$1 was equivalent to ¥118.57.