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Heiwa fiscal Q2 profit falls YOY

4916577 said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥61.57 per share, a decline from ¥63.99 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.29 billion, a decrease from ¥5.49 billion in the year-earlier period.

The normalized profit margin declined to 11.2% from 13.5% in the year-earlier period.

Total revenue increased 15.8% on an annual basis to ¥47.10 billion from ¥40.68 billion, and total operating expenses climbed 20.9% from the prior-year period to ¥37.75 billion from ¥31.24 billion.

eported net income grew 22.7% year over ye Heiwa Corp..