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Koshidaka Holdings fiscal Q1 profit climbs 73.0% YOY

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Koshidaka Holdings fiscal Q1 profit climbs 73.0% YOY

Koshidaka Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to ¥22.73 per share, an increase of 73.0% from ¥13.14 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥430.9 million, an increase of 73.0% from ¥249.0 million in the prior-year period.

The normalized profit margin rose to 4.3% from 3.1% in the year-earlier period.

Total revenue grew 23.3% year over year to ¥9.96 billion from ¥8.08 billion, and total operating expenses grew 20.5% from the prior-year period to ¥9.19 billion from ¥7.63 billion.

Reported net income rose 25.9% from the prior-year period to ¥316.0 million, or ¥16.67 per share, from ¥251.0 million, or ¥13.24 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.