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SNT Corp. fiscal Q1 profit climbs 88.3% YOY

SNT Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥14.03 per share, an increase of 88.3% from ¥7.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥366.6 million, an increase of 88.3% from ¥194.8 million in the prior-year period.

The normalized profit margin increased to 8.0% from 4.4% in the year-earlier period.

Total revenue increased year over year to ¥4.60 billion from ¥4.46 billion, and total operating expenses grew year over year to ¥4.27 billion from ¥4.18 billion.

Reported net income grew from the prior-year period to ¥408.0 million, or ¥15.62 per share, from ¥186.0 million, or ¥7.12 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.