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Saibo fiscal Q2 profit climbs YOY

SAIBO Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥13.52 per share, compared with ¥13.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥180.4 million, a gain from ¥178.5 million in the prior-year period.

The normalized profit margin rose to 9.4% from 9.4% in the year-earlier period.

Total revenue came to ¥1.92 billion, compared with ¥1.91 billion in the prior-year period, and total operating expenses totaled ¥1.68 billion, compared with ¥1.69 billion in the prior-year period.

Reported net income decreased 23.6% year over year to ¥144.1 million, or ¥10.80 per share, from ¥188.5 million, or ¥14.17 per share.

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