Valor Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥47.20 per share, an increase from ¥46.13 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.43 billion, a gain from ¥2.38 billion in the year-earlier period.
The normalized profit margin declined to 2.1% from 2.1% in the year-earlier period.
Total revenue climbed year over year to ¥114.25 billion from ¥110.87 billion, and total operating expenses rose on an annual basis to ¥110.57 billion from ¥107.20 billion.
Reported net income grew year over year to ¥2.30 billion, or ¥44.67 per share, from ¥2.24 billion, or ¥43.37 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
