Asante Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥44.78 per share, an increase of 11.0% from ¥40.35 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥551.9 million, an increase of 11.5% from ¥495.0 million in the prior-year period.
The normalized profit margin rose to 16.2% from 15.0% in the year-earlier period.
Total revenue climbed on an annual basis to ¥3.41 billion from ¥3.30 billion, and total operating expenses rose on an annual basis to ¥2.53 billion from ¥2.50 billion.
Reported net income fell 6.1% year over year to ¥559.0 million, or ¥45.35 per share, from ¥595.0 million, or ¥48.50 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
