Uoki Co.Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥21.29 per share, an increase of 77.6% from ¥11.99 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥54.4 million, an increase of 77.6% from ¥30.6 million in the prior-year period.

The normalized profit margin climbed to 1.6% from 0.9% in the year-earlier period.

Total revenue grew year over year to ¥3.36 billion from ¥3.31 billion, and total operating expenses came to ¥3.27 billion, compared with ¥3.26 billion in the prior-year period.

Reported net income grew 90.0% on an annual basis to ¥76.0 million, or ¥29.76 per share, from ¥40.0 million, or ¥15.66 per share.

As of July 15, US$1 was equivalent to ¥123.95.