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Central Japan Railway fiscal Q1 profit climbs YOY

Central Japan Railway Co. said its normalized net income for the fiscal first quarter ended June 30 was ¥486.13 per share, a gain from ¥466.36 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥95.67 billion, a gain from ¥91.78 billion in the year-earlier period.

The normalized profit margin increased to 22.6% from 22.1% in the year-earlier period.

Total revenue rose year over year to ¥423.20 billion from ¥414.45 billion, and total operating expenses increased from the prior-year period to ¥257.00 billion from ¥251.80 billion.

Reported net income rose 9.4% on an annual basis to ¥106.41 billion, or ¥540.72 per share, from ¥97.31 billion, or ¥494.44 per share.

As of Aug. 10, US$1 was equivalent to ¥101.31.