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KG Intelligence fiscal Q1 profit climbs 14.5% YOY

KG Intelligence CO. LTD. said its normalized net income for the fiscal first quarter ended March 20 amounted to ¥8.21 per share, a gain of 14.5% from ¥7.17 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.4 million, an increase of 14.5% from ¥51.9 million in the year-earlier period.

The normalized profit margin climbed to 6.1% from 5.2% in the year-earlier period.

Total revenue decreased year over year to ¥978.0 million from ¥991.0 million, and total operating expenses fell year over year to ¥886.0 million from ¥909.0 million.

Reported net income increased 20.0% from the prior-year period to ¥60.0 million, or ¥8.30 per share, from ¥50.0 million, or ¥6.91 per share.

As of April 18, US$1 was equivalent to ¥108.72.