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Kitanotatsujin fiscal Q2 profit climbs 75.4% YOY

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Kitanotatsujin fiscal Q2 profit climbs 75.4% YOY

Kitanotatsujin Corp. said its normalized net income for the fiscal second quarter ended Aug. 31 came to 51 Japanese sen per share, a gain of 67.0% from 31 sen 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 prior-year period.

The normalized profit margin increased to 14.7% from 8.8% in the year-earlier period.

Total revenue grew on an annual basis to ¥456.0 million from ¥435.0 million, and total operating expenses fell 5.4% from the prior-year period to ¥351.0 million from ¥371.0 million.

Reported net income increased 78.4% from the prior-year period to ¥66.0 million, or 51 sen per share, from ¥37.0 million, or 30 sen per share.

As of Oct. 15, US$1 was equivalent to ¥106.21.