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Ichirokudo fiscal Q2 profit climbs YOY

Ichirokudo Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥6.50 per share, an increase from ¥1.83 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥62.5 million, a gain from ¥15.6 million in the year-earlier period.

The normalized profit margin increased to 2.8% from 0.7% in the year-earlier period.

Total revenue rose year over year to ¥2.24 billion from ¥2.21 billion, and total operating expenses came to ¥2.21 billion, compared with ¥2.20 billion in the year-earlier period.

Reported net income came to ¥51.2 million, or ¥5.33 per share, compared to a loss of ¥24.4 million, or a loss of ¥2.81 per share, in the year-earlier period.

As of Oct. 14, US$1 was equivalent to ¥107.05.