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Daiichi fiscal Q2 profit climbs 12.5% YOY

Daiichi Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to ¥22.64 per share, an increase of 12.5% from ¥20.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥129.4 million, a gain of 12.5% from ¥115.0 million in the prior-year period.

The normalized profit margin rose to 1.5% from 1.3% in the year-earlier period.

Total revenue came to ¥8.61 billion, compared with ¥8.54 billion in the prior-year period, and total operating expenses totaled ¥8.40 billion, compared with ¥8.35 billion in the prior-year period.

Reported net income increased 4.9% from the prior-year period to ¥107.0 million, or ¥18.73 per share, from ¥102.0 million, or ¥17.85 per share.

As of May 14, US$1 was equivalent to ¥119.24.