Nihon Chouzai Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥67.50 per share, a gain of 40.0% from ¥48.22 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥975.0 million, a gain of 39.6% from ¥698.4 million in the year-earlier period.
The normalized profit margin rose to 2.2% from 1.7% in the year-earlier period.
Total revenue increased 9.6% year over year to ¥44.28 billion from ¥40.40 billion, and total operating expenses grew 8.7% from the prior-year period to ¥42.54 billion from ¥39.14 billion.
Reported net income increased 51.0% year over year to ¥864.0 million, or ¥59.82 per share, from ¥572.0 million, or ¥39.49 per share.
As of Nov. 14, US$1 was equivalent to ¥116.46.
