Nihon Tokushu Toryo Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥17.60 per share, a gain of 12.7% from ¥15.61 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥389.3 million, a gain of 12.7% from ¥345.3 million in the prior-year period.

The normalized profit margin climbed to 4.1% from 4.0% in the year-earlier period.

Total revenue rose 9.7% on an annual basis to ¥9.50 billion from ¥8.66 billion, and total operating expenses increased 7.3% year over year to ¥9.28 billion from ¥8.65 billion.

Reported net income increased 14.7% from the prior-year period to ¥561.0 million, or ¥25.37 per share, from ¥489.0 million, or ¥22.12 per share.

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