Nitto Denko Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥145.49 per share, a gain of 116.7% from ¥67.14 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.65 billion, a gain of 116.7% from ¥10.91 billion in the prior-year period.
The normalized profit margin rose to 10.5% from 5.8% in the year-earlier period.
Total revenue grew 21.1% year over year to ¥225.87 billion from ¥186.57 billion, and total operating expenses climbed 11.2% year over year to ¥187.96 billion from ¥169.01 billion.
Reported net income rose 97.5% on an annual basis to ¥27.21 billion, or ¥167.38 per share, from ¥13.77 billion, or ¥84.76 per share.
As of Nov. 2, US$1 was equivalent to ¥113.81.
