Yamaha Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥29.53 per share, an increase of 35.8% from ¥21.75 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.72 billion, a gain of 35.8% from ¥4.21 billion in the year-earlier period.
The normalized profit margin rose to 5.4% from 4.2% in the year-earlier period.
Total revenue rose 6.1% on an annual basis to ¥106.79 billion from ¥100.67 billion, and total operating expenses grew 5.1% from the prior-year period to ¥97.94 billion from ¥93.16 billion.
Reported net income came to ¥6.71 billion, or ¥34.66 per share, compared to ¥6.69 billion, or ¥34.54 per share, in the prior-year period.
As of Nov. 14, US$1 was equivalent to ¥116.46.
