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Canon Marketing Japan Q2 profit climbs 43.2% YOY

Canon Marketing Japan Inc. said its second-quarter normalized net income was ¥28.04 per share, an increase of 43.2% from ¥19.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.64 billion, an increase of 43.2% from ¥2.54 billion in the year-earlier period.

The normalized profit margin increased to 2.3% from 1.7% in the year-earlier period.

Total revenue climbed 9.0% on an annual basis to ¥158.73 billion from ¥145.66 billion, and total operating expenses rose 7.9% on an annual basis to ¥153.67 billion from ¥142.38 billion.

Reported net income grew 50.5% year over year to ¥3.23 billion, or ¥24.89 per share, from ¥2.14 billion, or ¥16.53 per share.

As of Aug. 6, US$1 was equivalent to ¥124.71.