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Nittoh fiscal Q2 profit climbs YOY

Nittoh Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥16.03 per share, a gain from ¥8.01 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥65.0 million, a gain from ¥32.5 million in the year-earlier period.

The normalized profit margin increased to 3.6% from 2.0% in the year-earlier period.

Total revenue rose 11.0% year over year to ¥1.82 billion from ¥1.64 billion, and total operating expenses grew 8.0% on an annual basis to ¥1.72 billion from ¥1.60 billion.

Reported net income rose 84.2% year over year to ¥70.0 million, or ¥17.26 per share, from ¥38.0 million, or ¥9.37 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.