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Seigakusya fiscal Q2 profit climbs YOY

Seigakusya Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥43.19 per share, an increase from ¥42.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥253.8 million, compared with ¥251.9 million in the year-earlier period.

The normalized profit margin dropped to 8.7% from 9.0% in the year-earlier period.

Total revenue climbed on an annual basis to ¥2.91 billion from ¥2.80 billion, and total operating expenses grew year over year to ¥2.50 billion from ¥2.39 billion.

Reported net income totaled ¥237.0 million, or ¥40.34 per share, compared to ¥239.3 million, or ¥40.38 per share, in the prior-year period.

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