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Ryohin Keikaku fiscal Q2 profit climbs 25.3% YOY

Ryohin Keikaku Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥120.23 per share, an increase of 25.2% from ¥96.04 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.20 billion, a gain of 25.3% from ¥2.55 billion in the prior-year period.

The normalized profit margin rose to 5.6% from 5.2% in the year-earlier period.

Total revenue climbed 15.9% year over year to ¥56.88 billion from ¥49.07 billion, and total operating expenses rose 15.1% on an annual basis to ¥51.87 billion from ¥45.08 billion.

Reported net income grew 25.0% on an annual basis to ¥3.28 billion, or ¥123.16 per share, from ¥2.62 billion, or ¥98.60 per share.

As of Oct. 2, US$1 was equivalent to ¥108.61.