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Ride On Express posts fiscal Q2 profit

Ride On Express Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥193.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.6%.

Total revenue totaled ¥4.20 billion, and total operating expenses totaled ¥3.87 billion.

Reported net income came to ¥189.8 million, or ¥17.75 per share.

As of Nov. 9, US$1 was equivalent to ¥123.27.