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Axyz fiscal Q2 profit climbs YOY

Axyz Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to ¥55.20 per share, an increase from ¥21.59 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥310.0 million, an increase from ¥121.3 million in the year-earlier period.

The normalized profit margin climbed to 6.7% from 2.9% in the year-earlier period.

Total revenue climbed 10.1% on an annual basis to ¥4.66 billion from ¥4.23 billion, and total operating expenses climbed from the prior-year period to ¥4.19 billion from ¥4.07 billion.

Reported net income rose on an annual basis to ¥306.0 million, or ¥54.49 per share, from ¥111.0 million, or ¥19.76 per share.

As of Jan. 30, US$1 was equivalent to ¥117.42.