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Kabushiki Kaisha Seiyoken posts fiscal Q2 profit

Kabushiki Kaisha Seiyoken said its normalized net income for the fiscal second quarter ended July 31 was ¥7.5 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.0%.

Total revenue increased 11.0% year over year to ¥767.0 million from ¥691.0 million, and total operating expenses climbed 9.2% from the prior-year period to ¥760.0 million from ¥696.0 million.

Reported net income came to a loss of ¥64.0 million, or a loss of ¥24.61 per share, compared to a loss of ¥49.0 million, or a loss of ¥18.84 per share, in the year-earlier period.

As of Sept. 11, US$1 was equivalent to ¥120.63.