Inageya Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥3.96 per share, an increase of 89.4% from ¥2.09 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥184.0 million, an increase of 89.4% from ¥97.1 million in the year-earlier period.

The normalized profit margin climbed to 0.3% from 0.2% in the year-earlier period.

Total revenue grew on an annual basis to ¥57.40 billion from ¥56.07 billion, and total operating expenses rose on an annual basis to ¥57.19 billion from ¥56.02 billion.

Reported net income grew 57.5% from the prior-year period to ¥115.0 million, or ¥2.48 per share, from ¥73.0 million, or ¥1.57 per share.

As of Aug. 5, US$1 was equivalent to ¥102.85.