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Information Planning fiscal Q1 profit climbs 53.9% YOY

Information Planning CO. LTD. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was ¥69.22 per share, a gain of 86.1% from ¥37.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥231.9 million, an increase of 53.9% from ¥150.6 million in the prior-year period.

The normalized profit margin climbed to 25.1% from 24.0% in the year-earlier period.

Total revenue climbed 47.4% year over year to ¥924.0 million from ¥627.0 million, and total operating expenses increased 43.1% from the prior-year period to ¥551.0 million from ¥385.0 million.

Reported net income increased 62.1% year over year to ¥248.0 million, or ¥74.03 per share, from ¥153.0 million, or ¥37.78 per share.

As of Feb. 15, US$1 was equivalent to ¥114.50.