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IKK fiscal Q2 profit climbs YOY

IKK Inc. said its normalized net income for the fiscal second quarter ended April 30 was ¥8.14 per share, an increase from 34 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥239.4 million, an increase from ¥10.0 million in the year-earlier period.

The normalized profit margin rose to 5.7% from 0.3% in the year-earlier period.

Total revenue climbed 15.1% year over year to ¥4.20 billion from ¥3.65 billion, and total operating expenses rose 5.1% from the prior-year period to ¥3.81 billion from ¥3.63 billion.

Reported net income came to ¥174.2 million, or ¥5.92 per share, compared to a loss of ¥91.9 million, or a loss of ¥3.16 per share, in the prior-year period.

As of June 13, US$1 was equivalent to ¥106.25.