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Takashimaya fiscal Q1 profit climbs 10.6% YOY

Takashimaya Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 was ¥12.76 per share, a decline from ¥13.04 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.11 billion, a gain of 10.6% from ¥4.62 billion in the year-earlier period.

The normalized profit margin rose to 2.3% from 2.2% in the year-earlier period.

Total revenue climbed year over year to ¥224.27 billion from ¥214.01 billion, and total operating expenses climbed year over year to ¥216.73 billion from ¥207.91 billion.

Reported net income rose 13.0% from the prior-year period to ¥4.54 billion, or ¥11.32 per share, from ¥4.01 billion, or ¥11.32 per share.

As of July 14, US$1 was equivalent to ¥101.58.