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Arigatou Services fiscal Q2 profit climbs 52.7% YOY

Arigatou Services Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥91.95 per share, a gain of 53.0% from ¥60.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥86.9 million, a gain of 52.7% from ¥56.9 million in the year-earlier period.

The normalized profit margin climbed to 4.2% from 3.1% in the year-earlier period.

Total revenue increased 11.2% on an annual basis to ¥2.05 billion from ¥1.84 billion, and total operating expenses grew 9.1% year over year to ¥1.91 billion from ¥1.75 billion.

Reported net income increased 54.5% on an annual basis to ¥68.0 million, or ¥71.97 per share, from ¥44.0 million, or ¥46.50 per share.

As of Oct. 14, US$1 was equivalent to ¥119.23.