Yamazawa Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥22.17 per share, an increase of 7.5% from ¥20.63 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥241.3 million, a gain of 7.2% from ¥225.0 million in the year-earlier period.
The normalized profit margin declined to 0.8% from 0.8% in the year-earlier period.
Total revenue grew 8.7% year over year to ¥29.11 billion from ¥26.77 billion, and total operating expenses increased 8.8% on an annual basis to ¥28.73 billion from ¥26.42 billion.
Reported net income grew 77.7% from the prior-year period to ¥241.0 million, or ¥22.14 per share, from ¥135.6 million, or ¥12.41 per share.
As of Oct. 10, US$1 was equivalent to ¥107.98.
