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SAN Holdings fiscal Q2 profit climbs 69.0% YOY

SAN Holdings Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥45.51 per share, an increase of 69.0% from ¥26.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥255.6 million, an increase of 69.0% from ¥151.3 million in the year-earlier period.

The normalized profit margin increased to 5.8% from 3.6% in the year-earlier period.

Total revenue rose 4.9% year over year to ¥4.42 billion from ¥4.21 billion, and total operating expenses grew on an annual basis to ¥4.02 billion from ¥3.96 billion.

Reported net income rose from the prior-year period to ¥226.0 million, or ¥40.24 per share, from ¥103.0 million, or ¥18.34 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.