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Plant Co. Ltd. fiscal Q2 profit falls YOY

Plant Co. Ltd. said its normalized net income for the fiscal second quarter ended March 20 was ¥59.37 per share, a decrease from ¥60.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥473.8 million, a decline from ¥485.6 million in the year-earlier period.

The normalized profit margin fell to 2.2% from 2.3% in the year-earlier period.

Total revenue rose year over year to ¥21.22 billion from ¥20.70 billion, and total operating expenses climbed from the prior-year period to ¥20.49 billion from ¥19.95 billion.

Reported net income rose 7.8% on an annual basis to ¥484.0 million, or ¥60.66 per share, from ¥449.0 million, or ¥56.27 per share.

As of May 1, US$1 was equivalent to ¥120.11.