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Create SD Holdings fiscal Q2 profit climbs 30.8% YOY

Create SD Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was ¥22.36 per share, an increase of 34.1% from ¥16.67 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.46 billion, a gain of 30.8% from ¥1.11 billion in the prior-year period.

The normalized profit margin increased to 2.8% from 2.3% in the year-earlier period.

Total revenue rose 9.7% on an annual basis to ¥52.17 billion from ¥47.56 billion, and total operating expenses rose 8.8% on an annual basis to ¥49.96 billion from ¥45.91 billion.

Reported net income grew 35.5% year over year to ¥1.45 billion, or ¥22.31 per share, from ¥1.07 billion, or ¥16.06 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.