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Kichiri & Co. fiscal Q2 profit climbs 24.9% YOY

Kichiri & Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was ¥13.34 per share, a gain of 27.5% from ¥10.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥135.0 million, an increase of 24.9% from ¥108.1 million in the year-earlier period.

The normalized profit margin increased to 6.4% from 5.7% in the year-earlier period.

Total revenue increased 11.3% year over year to ¥2.10 billion from ¥1.89 billion, and total operating expenses climbed 10.8% from the prior-year period to ¥1.88 billion from ¥1.70 billion.

Reported net income rose 39.4% from the prior-year period to ¥145.0 million, or ¥14.33 per share, from ¥104.0 million, or ¥10.07 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.