Tsuruha Holdings Inc. said its normalized net income for the fiscal second quarter ended Nov. 15, 2014, was ¥87.19 per share, an increase of 14.7% from ¥76.04 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.20 billion, a gain of 14.4% from ¥3.67 billion in the prior-year period.
The normalized profit margin fell to 3.9% from 4.1% in the year-earlier period.
Total revenue increased 19.5% year over year to ¥107.89 billion from ¥90.31 billion, and total operating expenses climbed 19.6% on an annual basis to ¥101.56 billion from ¥84.89 billion.
Reported net income grew 14.7% year over year to ¥3.97 billion, or ¥82.57 per share, from ¥3.47 billion, or ¥71.84 per share.
As of Jan. 5, US$1 was equivalent to ¥119.60.
