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Uoki fiscal Q1 profit climbs 96.0% YOY

Uoki Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥11.99 per share, a gain of 96.0% from ¥6.12 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.6 million, a gain of 96.0% from ¥15.6 million in the prior-year period.

The normalized profit margin increased to 0.9% from 0.4% in the year-earlier period.

Total revenue fell 5.6% year over year to ¥3.31 billion from ¥3.51 billion, and total operating expenses decreased 6.4% on an annual basis to ¥3.26 billion from ¥3.48 billion.

Reported net income grew year over year to ¥40.0 million, or ¥15.66 per share, from ¥12.0 million, or ¥4.70 per share.

As of July 15, US$1 was equivalent to ¥101.70.