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Oriental Land fiscal Q2 profit climbs YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥57.14 per share, an increase from ¥56.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.65 billion, an increase from ¥19.27 billion in the year-earlier period.

The normalized profit margin increased to 16.0% from 16.0% in the year-earlier period.

Total revenue grew on an annual basis to ¥122.71 billion from ¥120.56 billion, and total operating expenses climbed year over year to ¥91.64 billion from ¥90.08 billion.

Reported net income declined from the prior-year period to ¥21.61 billion, or ¥62.85 per share, from ¥21.88 billion, or ¥63.62 per share.

As of Nov. 13, US$1 was equivalent to ¥113.50.