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Ahresty fiscal Q1 profit climbs 54.0% YOY

Ahresty Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥7.42 per share, an increase of 28.6% from ¥5.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥192.5 million, an increase of 54.0% from ¥125.0 million in the prior-year period.

The normalized profit margin climbed to 0.6% from 0.5% in the year-earlier period.

Total revenue grew 17.1% on an annual basis to ¥32.31 billion from ¥27.59 billion, and total operating expenses climbed 15.8% on an annual basis to ¥31.69 billion from ¥27.36 billion.

Reported net income grew 98.7% from the prior-year period to ¥375.0 million, or ¥14.45 per share, from ¥188.7 million, or ¥8.71 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.