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Kichiri & Co. fiscal Q2 profit climbs 19.3% YOY

Kichiri & Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was ¥10.46 per share, a decline of 99.6% from ¥2,566.99 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥108.1 million, a gain of 19.3% from ¥90.6 million in the prior-year period.

The normalized profit margin climbed to 5.7% from 5.1% in the year-earlier period.

Total revenue grew 5.4% on an annual basis to ¥1.89 billion from ¥1.79 billion, and total operating expenses climbed from the prior-year period to ¥1.70 billion from ¥1.65 billion.

Reported net income rose 19.5% on an annual basis to ¥104.0 million, or ¥10.07 per share, from ¥87.0 million, or ¥2,464.31 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.