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Saint Marc Holdings fiscal Q2 profit climbs 16.9% YOY

Saint Marc Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥60.77 per share, a gain of 19.2% from ¥50.99 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.35 billion, an increase of 16.9% from ¥1.16 billion in the year-earlier period.

The normalized profit margin climbed to 8.8% from 8.5% in the year-earlier period.

Total revenue climbed 12.3% on an annual basis to ¥15.29 billion from ¥13.61 billion, and total operating expenses rose 11.7% on an annual basis to ¥13.15 billion from ¥11.77 billion.

Reported net income increased 24.6% on an annual basis to ¥1.25 billion, or ¥56.31 per share, from ¥1.00 billion, or ¥44.33 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.