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West Japan Railway fiscal Q2 profit climbs 7.8% YOY

West Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥162.95 per share, an increase of 7.8% from ¥151.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.55 billion, a gain of 7.8% from ¥29.27 billion in the year-earlier period.

The normalized profit margin rose to 8.4% from 8.1% in the year-earlier period.

Total revenue climbed year over year to ¥374.58 billion from ¥362.22 billion, and total operating expenses grew year over year to ¥318.14 billion from ¥309.19 billion.

Reported net income grew 12.0% on an annual basis to ¥33.10 billion, or ¥170.99 per share, from ¥29.55 billion, or ¥152.63 per share.

As of Nov. 10, US$1 was equivalent to ¥113.32.