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East Japan Railway fiscal Q2 profit climbs 8.3% YOY


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East Japan Railway fiscal Q2 profit climbs 8.3% YOY

East Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥223.27 per share, a gain of 9.3% from ¥204.28 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.97 billion, a gain of 8.3% from ¥79.41 billion in the prior-year period.

The normalized profit margin increased to 11.4% from 10.8% in the year-earlier period.

Total revenue rose year over year to ¥752.93 billion from ¥737.14 billion, and total operating expenses increased on an annual basis to ¥599.19 billion from ¥592.37 billion.

Reported net income grew 8.8% on an annual basis to ¥92.32 billion, or ¥239.76 per share, from ¥84.82 billion, or ¥218.19 per share.

As of Nov. 8, US$1 was equivalent to ¥113.64.