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Qol fiscal Q2 profit climbs YOY

Qol Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥18.58 per share, a gain from ¥8.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥608.5 million, a gain from ¥260.6 million in the year-earlier period.

The normalized profit margin increased to 2.1% from 1.1% in the year-earlier period.

Total revenue increased 14.7% year over year to ¥28.34 billion from ¥24.71 billion, and total operating expenses increased 12.4% from the prior-year period to ¥27.37 billion from ¥24.34 billion.

Reported net income grew on an annual basis to ¥451.0 million, or ¥13.77 per share, from ¥184.0 million, or ¥5.70 per share.

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