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Tokyotokeiba Q2 profit climbs 6.0% YOY

4254464 said its second-quarter normalized net income amounted to ¥24.30 per share, a gain of 6.0% from ¥22.92 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥694.4 million, a gain of 6.0% from ¥655.0 million in the year-earlier period.

The normalized profit margin dropped to 15.1% from 15.5% in the year-earlier period.

Total revenue climbed 8.7% year over year to ¥4.60 billion from ¥4.24 billion, and total operating expenses grew 9.5% on an annual basis to ¥3.49 billion from ¥3.19 billion.

Reported net income declined 7.2% from the prior-year period to ¥722.0 million, or ¥25.27 per share, from ¥778.0 million, or ¥27.22 per share.

s of Aug. 10, US$1 was equivalent to ¥101.31.Tokyotokeiba Co. Ltd.

4254464 said its second-quarter normalized net income amounted to ¥24.30 per share, a gain of 6.0% from ¥22.92 per share in the prior-year period.