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Beauty Kadan fiscal Q2 profit climbs 97.9% YOY

Beauty Kadan Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to ¥14.07 per share, a gain of 97.9% from ¥7.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.4 million, a gain of 97.9% from ¥30.0 million in the prior-year period.

The normalized profit margin rose to 3.9% from 1.8% in the year-earlier period.

Total revenue decreased 10.0% year over year to ¥1.51 billion from ¥1.68 billion, and total operating expenses fell 12.5% year over year to ¥1.43 billion from ¥1.64 billion.

Reported net income increased from the prior-year period to ¥64.0 million, or ¥15.16 per share, from ¥29.0 million, or ¥6.87 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.