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First-Corp fiscal Q2 profit climbs YOY

First-Corp. Inc. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, was ¥77.58 per share, a gain of 74.3% from ¥44.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥238.1 million, a gain from ¥110.3 million in the prior-year period.

The normalized profit margin increased to 5.4% from 2.8% in the year-earlier period.

Total revenue rose 10.1% on an annual basis to ¥4.41 billion from ¥4.00 billion, and total operating expenses rose year over year to ¥3.99 billion from ¥3.82 billion.

Reported net income rose year over year to ¥255.0 million, or ¥83.08 per share, from ¥110.0 million, or ¥44.38 per share.

As of Jan. 12, US$1 was equivalent to ¥117.92.