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Tone Co. fiscal Q2 profit climbs 57.5% YOY

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Tone Co. fiscal Q2 profit climbs 57.5% YOY

Tone Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, amounted to ¥101.26 per share, an increase of 57.6% from ¥64.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥208.8 million, a gain of 57.5% from ¥132.5 million in the prior-year period.

The normalized profit margin increased to 14.2% from 10.1% in the year-earlier period.

Total revenue climbed 12.0% year over year to ¥1.47 billion from ¥1.31 billion, and total operating expenses grew 9.4% on an annual basis to ¥1.20 billion from ¥1.10 billion.

Reported net income grew 80.0% from the prior-year period to ¥216.0 million, or ¥104.77 per share, from ¥120.0 million, or ¥58.20 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.