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Arigatou Services fiscal Q2 profit falls YOY

Arigatou Services Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥60.11 per share, compared with ¥60.31 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.9 million, a decline from ¥57.5 million in the prior-year period.

The normalized profit margin declined to 3.1% from 3.2% in the year-earlier period.

Total revenue rose year over year to ¥1.84 billion from ¥1.82 billion, and total operating expenses climbed year over year to ¥1.75 billion from ¥1.73 billion.

Reported net income rose 10.0% from the prior-year period to ¥44.0 million, or ¥46.50 per share, from ¥40.0 million, or ¥41.95 per share.

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