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Youji Corp fiscal Q1 profit climbs 14.8% YOY

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Youji Corp fiscal Q1 profit climbs 14.8% YOY

Youji Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥22.63 per share, a gain of 14.9% from ¥19.71 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥131.3 million, a gain of 14.8% from ¥114.4 million in the prior-year period.

The normalized profit margin increased to 9.2% from 8.3% in the year-earlier period.

Total revenue rose on an annual basis to ¥1.43 billion from ¥1.38 billion, and total operating expenses rose year over year to ¥1.23 billion from ¥1.20 billion.

Reported net income rose 17.7% year over year to ¥124.1 million, or ¥21.40 per share, from ¥105.5 million, or ¥18.17 per share.

As of July 31, US$1 was equivalent to ¥102.82.