The Japanese owner booked net income of JPY 118m ($1.2m) for the six months to 30 September versus JPY 213m a year earlier.

However the result was higher than the JPY 100m profit the company had expected.

Operating profit jumped by 70% to JPY 898m while revenue rose 12% to JPY 6.12bn more or less in line with the figure forecasted.

Kyoei revised it full year forecast upwards by 30% to JPY 170m.

The