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Yomiuri Land fiscal Q2 profit falls YOY

Yomiuri Land Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥67.03 per share, a decrease from ¥68.48 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥518.1 million, a decrease from ¥529.4 million in the prior-year period.

The normalized profit margin dropped to 11.1% from 11.7% in the year-earlier period.

Total revenue climbed year over year to ¥4.68 billion from ¥4.53 billion, and total operating expenses rose on an annual basis to ¥3.99 billion from ¥3.84 billion.

Reported net income grew 11.6% from the prior-year period to ¥556.0 million, or ¥71.93 per share, from ¥498.0 million, or ¥64.42 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.