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CYBELE fiscal Q2 profit climbs YOY

CYBELE Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to ¥33.8 million, a rise from ¥16.9 million in the year-earlier period.

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

The normalized profit margin rose to 3.7% from 1.8% in the year-earlier period.

Total revenue came to ¥924.0 million, compared with ¥920.0 million in the prior-year period, and total operating expenses fell from the prior-year period to ¥868.0 million from ¥892.0 million.

Reported net income increased from the prior-year period to ¥35.0 million, or ¥24.36 per share, from ¥15.0 million.

As of April 14, US$1 was equivalent to ¥119.09.