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Kaneko Seeds fiscal Q2 profit climbs YOY

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Kaneko Seeds fiscal Q2 profit climbs YOY

4243358 said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was ¥14.00 per share, an increase from ¥2.34 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥164.4 million, an increase from ¥27.5 million in the year-earlier period.

The normalized profit margin climbed to 1.4% from 0.3% in the year-earlier period.

Total revenue increased 16.8% on an annual basis to ¥11.92 billion from ¥10.21 billion, and total operating expenses rose 14.9% on an annual basis to ¥11.70 billion from ¥10.18 billion.

Reported net income rose year over year to ¥161.0 million, or ¥13.71 per share, from ¥27.0 million, or ¥2.30 per share.

s of Jan. 9, US$1 was equivalent to ¥118.86.Kaneko Seeds Co. Ltd.

4243358 said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was ¥14.00 per share, an increase from ¥2.34 per share in the year-earlier period.