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Izu Shaboten Resort fiscal Q2 profit climbs 75.3% YOY

Izu Shaboten Resort Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥3.27 per share, an increase of 63.1% from ¥2.00 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥93.1 million, a gain of 75.3% from ¥53.1 million in the prior-year period.

The normalized profit margin rose to 10.5% from 7.3% in the year-earlier period.

Total revenue climbed 21.6% on an annual basis to ¥889.0 million from ¥731.0 million, and total operating expenses rose 12.4% from the prior-year period to ¥752.0 million from ¥669.0 million.

Reported net income rose 93.6% on an annual basis to ¥151.0 million, or ¥5.30 per share, from ¥78.0 million, or ¥2.94 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.