Fast Retailing Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 was ¥326.50 per share, an increase of 36.1% from ¥239.83 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.33 billion, an increase of 36.2% from ¥24.47 billion in the year-earlier period.
The normalized profit margin rose to 7.1% from 6.5% in the year-earlier period.
Total revenue rose 25.3% year over year to ¥470.14 billion from ¥375.32 billion, and total operating expenses climbed 23.3% year over year to ¥411.43 billion from ¥333.61 billion.
Reported net income increased 43.2% from the prior-year period to ¥35.93 billion, or ¥351.98 per share, from ¥25.08 billion, or ¥245.89 per share.
As of April 14, US$1 was equivalent to ¥119.09.
