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Muro fiscal Q2 profit climbs 76.4% YOY

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Muro fiscal Q2 profit climbs 76.4% YOY

Muro Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥54.36 per share, an increase of 76.4% from ¥30.82 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥336.3 million, a gain of 76.4% from ¥190.6 million in the year-earlier period.

The normalized profit margin increased to 7.6% from 4.7% in the year-earlier period.

Total revenue increased 8.7% on an annual basis to ¥4.44 billion from ¥4.09 billion, and total operating expenses grew 7.5% year over year to ¥4.08 billion from ¥3.80 billion.

Reported net income grew 67.3% from the prior-year period to ¥348.0 million, or ¥56.26 per share, from ¥208.0 million, or ¥33.62 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.