Shirohato Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 29 amounted to ¥9.27 per share, an increase of 16.0% from ¥7.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.6 million, a gain of 16.3% from ¥30.6 million in the year-earlier period.

The normalized profit margin increased to 3.2% from 2.8% in the year-earlier period.

Total revenue grew year over year to ¥1.12 billion from ¥1.09 billion, and total operating expenses climbed from the prior-year period to ¥1.06 billion from ¥1.04 billion.

Reported net income rose 20.0% from the prior-year period to ¥36.0 million, or ¥9.37 per share, from ¥30.0 million, or ¥7.83 per share.

As of April 14, US$1 was equivalent to ¥109.17.