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Morito fiscal Q2 profit climbs 48.5% YOY

4207306 said its normalized net income for the fiscal second quarter ended May 31 was ¥12.88 per share, a gain of 48.5% from ¥8.67 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥373.1 million, an increase of 48.5% from ¥251.3 million in the year-earlier period.

The normalized profit margin rose to 3.4% from 2.8% in the year-earlier period.

Total revenue rose 25.9% year over year to ¥11.13 billion from ¥8.84 billion, and total operating expenses climbed 26.1% from the prior-year period to ¥10.62 billion from ¥8.42 billion.

eported net income fell 50.0% on an annual Morito Co. Ltd..