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Shikibo fiscal Q2 profit climbs 18.3% YOY

Shikibo Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥25.78 per share, an increase of 18.3% from ¥21.79 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥304.1 million, a gain of 18.3% from ¥257.0 million in the prior-year period.

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

Total revenue fell on an annual basis to ¥10.80 billion from ¥11.22 billion, and total operating expenses declined from the prior-year period to ¥10.18 billion from ¥10.62 billion.

Reported net income rose 36.1% on an annual basis to ¥313.0 million, or ¥26.54 per share, from ¥230.0 million, or ¥19.50 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.