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West Japan Railway fiscal Q2 profit climbs 26.2% YOY

West Japan Railway Co. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥124.53 per share, a gain of 26.2% from ¥98.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.11 billion, a gain of 26.2% from ¥19.10 billion in the year-earlier period.

The normalized profit margin climbed to 7.2% from 5.8% in the year-earlier period.

Total revenue grew on an annual basis to ¥336.34 billion from ¥331.33 billion, and total operating expenses totaled ¥292.56 billion, compared with ¥293.59 billion in the prior-year period.

Reported net income increased 43.6% from the prior-year period to ¥26.24 billion, or ¥135.54 per share, from ¥18.27 billion, or ¥94.37 per share.

As of Nov. 12, US$1 was equivalent to ¥115.15.