Mammy Mart Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥51.32 per share, a gain from ¥50.02 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥554.0 million, a gain from ¥540.0 million in the prior-year period.
The normalized profit margin fell to 2.2% from 2.2% in the year-earlier period.
Total revenue grew on an annual basis to ¥25.03 billion from ¥24.28 billion, and total operating expenses climbed year over year to ¥24.26 billion from ¥23.50 billion.
Reported net income increased 36.6% year over year to ¥549.0 million, or ¥50.86 per share, from ¥402.0 million, or ¥37.24 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
