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Kyocera fiscal Q2 profit climbs 7.6% YOY

Kyocera Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥58.50 per share, a gain of 7.6% from ¥54.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.46 billion, an increase of 7.6% from ¥19.95 billion in the prior-year period.

The normalized profit margin increased to 5.7% from 5.4% in the year-earlier period.

Total revenue rose year over year to ¥379.62 billion from ¥368.01 billion, and total operating expenses rose year over year to ¥343.65 billion from ¥335.20 billion.

Reported net income rose 19.2% from the prior-year period to ¥24.18 billion, or ¥65.92 per share, from ¥20.28 billion, or ¥55.28 per share.

As of Nov. 13, US$1 was equivalent to ¥115.76.