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Aisan Industry fiscal Q1 profit climbs 6.0% YOY

Aisan Industry Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥31.27 per share, an increase of 5.7% from ¥29.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.75 billion, an increase of 6.0% from ¥1.65 billion in the year-earlier period.

The normalized profit margin dropped to 3.5% from 3.5% in the year-earlier period.

Total revenue rose 6.3% year over year to ¥49.43 billion from ¥46.49 billion, and total operating expenses grew 5.8% on an annual basis to ¥46.60 billion from ¥44.02 billion.

Reported net income increased 13.6% on an annual basis to ¥1.90 billion, or ¥33.91 per share, from ¥1.67 billion, or ¥29.95 per share.

As of Aug. 7, US$1 was equivalent to ¥102.16.