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Ichibanya fiscal Q2 profit climbs 25.4% YOY

Ichibanya Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, came to ¥21.43 per share, an increase of 25.4% from ¥17.09 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥684.3 million, an increase of 25.4% from ¥545.6 million in the year-earlier period.

The normalized profit margin increased to 6.4% from 5.5% in the year-earlier period.

Total revenue rose 7.1% on an annual basis to ¥10.71 billion from ¥10.00 billion, and total operating expenses climbed 5.3% from the prior-year period to ¥9.65 billion from ¥9.16 billion.

Reported net income rose 42.5% year over year to ¥744.0 million, or ¥23.31 per share, from ¥522.0 million, or ¥16.35 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.