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TETSUJIN fiscal Q2 profit climbs 20.3% YOY

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TETSUJIN fiscal Q2 profit climbs 20.3% YOY

TETSUJIN Inc. said its normalized net income for the fiscal second quarter ended Feb. 28 came to ¥35.10 per share, a gain of 20.3% from ¥29.18 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥218.1 million, a gain of 20.3% from ¥181.3 million in the year-earlier period.

The normalized profit margin rose to 8.0% from 6.5% in the year-earlier period.

Total revenue fell year over year to ¥2.73 billion from ¥2.79 billion, and total operating expenses fell from the prior-year period to ¥2.39 billion from ¥2.51 billion.

Reported net income increased 61.3% on an annual basis to ¥246.8 million, or ¥39.61 per share, from ¥153.0 million, or ¥24.64 per share.

As of April 14, US$1 was equivalent to ¥119.09.