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Zetton fiscal Q2 profit climbs 35.3% YOY

Zetton Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥60.64 per share, a gain of 35.2% from ¥44.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥261.3 million, a gain of 35.3% from ¥193.1 million in the prior-year period.

The normalized profit margin climbed to 7.9% from 7.0% in the year-earlier period.

Total revenue rose 20.6% on an annual basis to ¥3.31 billion from ¥2.74 billion, and total operating expenses increased 19.6% year over year to ¥2.90 billion from ¥2.43 billion.

Reported net income increased 51.5% from the prior-year period to ¥259.0 million, or ¥60.12 per share, from ¥170.9 million, or ¥39.69 per share.

As of Oct. 14, US$1 was equivalent to ¥107.05.