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Create restaurants holdings fiscal Q2 profit climbs 9.3% YOY

create restaurants holdings inc. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥8.93 per share, a decline from ¥9.04 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥843.0 million, a gain of 9.3% from ¥771.3 million in the year-earlier period.

The normalized profit margin declined to 4.9% from 5.7% in the year-earlier period.

Total revenue increased 28.3% year over year to ¥17.37 billion from ¥13.54 billion, and total operating expenses increased 30.0% on an annual basis to ¥16.01 billion from ¥12.32 billion.

Reported net income grew 7.5% on an annual basis to ¥675.0 million, or ¥7.15 per share, from ¥628.0 million, or ¥7.36 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.