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Kachikaihatsu swings to profit in fiscal Q2

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Kachikaihatsu swings to profit in fiscal Q2

4982417 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥8.56 per share, compared with a loss of ¥6.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥115.6 million, compared with a loss of ¥87.5 million in the prior-year period.

The normalized profit margin climbed to 8.4% from negative 6.6% in the year-earlier period.

Total revenue increased year over year to ¥1.38 billion from ¥1.32 billion, and total operating expenses declined 6.0% year over year to ¥1.33 billion from ¥1.41 billion.

Reported net income increased from the prior-year period to ¥170.8 million, or ¥12.65 per share, from ¥64.0 million, or ¥4.80 per share.

s of Nov. 14, US$1 was equivalent to ¥116.46.Kachikaihatsu Co. Ltd.

4982417 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥8.56 per share, compared with a loss of ¥6.56 per share in the prior-year period.