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Flying Garden fiscal Q2 profit climbs 75.4% YOY

Flying Garden Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥46.27 per share, a gain of 75.4% from ¥26.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥66.9 million, a gain of 75.4% from ¥38.1 million in the year-earlier period.

The normalized profit margin increased to 3.6% from 2.0% in the year-earlier period.

Total revenue came to ¥1.87 billion, compared with ¥1.87 billion in the prior-year period, and total operating expenses fell year over year to ¥1.77 billion from ¥1.81 billion.

Reported net income increased year over year to ¥64.0 million, or ¥44.28 per share, from ¥29.0 million, or ¥20.06 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.