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Torikizoku fiscal Q1 profit climbs 99.4% YOY

Torikizoku co. ltd. said its normalized net income for the fiscal first quarter ended Oct. 31 was ¥18.25 per share, an increase of 82.2% from ¥10.02 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥211.9 million, a gain of 99.4% from ¥106.3 million in the prior-year period.

The normalized profit margin rose to 3.9% from 2.6% in the year-earlier period.

Total revenue climbed 34.6% on an annual basis to ¥5.50 billion from ¥4.08 billion, and total operating expenses increased 31.9% on an annual basis to ¥5.15 billion from ¥3.90 billion.

Reported net income grew on an annual basis to ¥200.0 million, or ¥17.23 per share, from ¥65.0 million, or ¥6.13 per share.

As of Dec. 11, US$1 was equivalent to ¥121.00.