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Alpha Group fiscal Q1 profit climbs YOY

Alpha Group Inc. said its normalized net income for the fiscal first quarter ended June 30 came to ¥21.54 per share, compared with ¥21.35 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥63.8 million, compared with ¥63.1 million in the prior-year period.

The normalized profit margin dropped to 1.0% from 1.0% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to ¥6.35 billion from ¥6.05 billion, and total operating expenses grew from the prior-year period to ¥6.24 billion from ¥5.95 billion.

Reported net income rose on an annual basis to ¥50.0 million, or ¥16.89 per share, from ¥49.4 million, or ¥16.58 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.