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East Japan Railway fiscal Q2 profit climbs 8.4% YOY

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East Japan Railway fiscal Q2 profit climbs 8.4% YOY

East Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥186.35 per share, a gain of 8.9% from ¥171.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥73.21 billion, a gain of 8.4% from ¥67.51 billion in the prior-year period.

The normalized profit margin increased to 10.5% from 9.8% in the year-earlier period.

Total revenue increased on an annual basis to ¥698.17 billion from ¥690.91 billion, and total operating expenses came to ¥561.78 billion, compared with ¥560.42 billion in the prior-year period.

Reported net income rose 12.1% from the prior-year period to ¥69.57 billion, or ¥177.08 per share, from ¥62.06 billion, or ¥157.37 per share.

As of Nov. 11, US$1 was equivalent to ¥115.82.