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Nisshin OilliO fiscal Q1 profit climbs YOY

4916563 said its normalized net income for the fiscal first quarter ended June 30 was ¥31.55 per share, an increase from ¥13.83 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.05 billion, an increase from ¥459.5 million in the prior-year period.

The normalized profit margin climbed to 1.3% from 0.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥78.23 billion from ¥80.61 billion, and total operating expenses declined on an annual basis to ¥76.50 billion from ¥79.91 billion.

Reported net income grew year over year to ¥1.26 billion, or ¥38.01 per share, from ¥249.0 million, or ¥7.49 per share.

s of Aug. 5, US$1 was equivalent to ¥102.85.Nisshin OilliO Group Ltd.

4916563 said its normalized net income for the fiscal first quarter ended June 30 was ¥31.55 per share, an increase from ¥13.83 per share in the prior-year period.