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Ozu Corp. fiscal Q2 profit climbs YOY

Ozu Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, came to ¥17.04 per share, a gain from ¥16.59 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥142.5 million, an increase from ¥138.8 million in the prior-year period.

The normalized profit margin rose to 1.5% from 1.4% in the year-earlier period.

Total revenue fell year over year to ¥9.38 billion from ¥9.66 billion, and total operating expenses fell on an annual basis to ¥9.19 billion from ¥9.45 billion.

Reported net income rose 19.6% from the prior-year period to ¥177.0 million, or ¥21.16 per share, from ¥148.0 million, or ¥17.69 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.