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East Japan Railway fiscal Q2 profit climbs 16.5% YOY

East Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥217.58 per share, a gain of 16.8% from ¥186.35 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.26 billion, a gain of 16.5% from ¥73.21 billion in the year-earlier period.

The normalized profit margin rose to 11.6% from 10.5% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to ¥733.39 billion from ¥698.17 billion, and total operating expenses rose on an annual basis to ¥577.98 billion from ¥561.78 billion.

Reported net income grew 26.7% from the prior-year period to ¥88.13 billion, or ¥224.91 per share, from ¥69.57 billion, or ¥177.08 per share.

As of Nov. 11, US$1 was equivalent to ¥122.91.