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Chuo Gyorui fiscal Q2 profit climbs YOY

Chuo Gyorui Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥16.94 per share, a gain from ¥7.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥69.5 million, an increase from ¥30.8 million in the prior-year period.

The normalized profit margin increased to 0.1% from 0.1% in the year-earlier period.

Total revenue grew 10.6% on an annual basis to ¥47.34 billion from ¥42.81 billion, and total operating expenses increased 10.4% year over year to ¥47.23 billion from ¥42.77 billion.

Reported net income rose 67.5% from the prior-year period to ¥67.0 million, or ¥16.33 per share, from ¥40.0 million, or ¥9.75 per share.

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