Sogo Medical Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥36.62 per share, compared with ¥36.36 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥528.8 million, compared with ¥525.0 million in the year-earlier period.
The normalized profit margin declined to 2.1% from 2.3% in the year-earlier period.
Total revenue climbed 7.9% year over year to ¥24.90 billion from ¥23.06 billion, and total operating expenses rose 8.5% on an annual basis to ¥24.13 billion from ¥22.23 billion.
Reported net income fell from the prior-year period to ¥471.0 million, or ¥32.62 per share, from ¥478.0 million, or ¥33.11 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
