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Sekisui Chemical fiscal Q1 profit climbs 27.9% YOY

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Sekisui Chemical fiscal Q1 profit climbs 27.9% YOY

Sekisui Chemical Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥18.98 per share, a gain of 29.9% from ¥14.61 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.68 billion, an increase of 27.9% from ¥7.57 billion in the prior-year period.

The normalized profit margin increased to 3.8% from 3.1% in the year-earlier period.

Total revenue climbed 5.5% year over year to ¥255.86 billion from ¥242.52 billion, and total operating expenses climbed year over year to ¥240.00 billion from ¥232.48 billion.

Reported net income increased 20.3% on an annual basis to ¥8.25 billion, or ¥16.17 per share, from ¥6.86 billion, or ¥13.23 per share.

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