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Doutor Nichires Holdings fiscal Q1 profit climbs 10.2% YOY

Doutor Nichires Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥38.47 per share, an increase of 10.2% from ¥34.92 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.85 billion, an increase of 10.2% from ¥1.68 billion in the prior-year period.

The normalized profit margin increased to 6.2% from 5.9% in the year-earlier period.

Total revenue climbed 5.1% year over year to ¥29.95 billion from ¥28.50 billion, and total operating expenses climbed on an annual basis to ¥27.08 billion from ¥25.94 billion.

Reported net income increased 15.3% from the prior-year period to ¥1.75 billion, or ¥36.31 per share, from ¥1.52 billion, or ¥31.50 per share.

As of July 15, US$1 was equivalent to ¥101.70.