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Create restaurants holdings fiscal Q1 profit climbs 26.3% YOY

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Create restaurants holdings fiscal Q1 profit climbs 26.3% YOY

create restaurants holdings inc. said its normalized net income for the fiscal first quarter ended May 31 came to ¥5.02 per share, a decline of 40.1% from ¥8.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥858.8 million, a gain of 26.3% from ¥680.0 million in the year-earlier period.

The normalized profit margin fell to 5.3% from 6.6% in the year-earlier period.

Total revenue climbed 57.1% year over year to ¥16.17 billion from ¥10.29 billion, and total operating expenses climbed 61.9% on an annual basis to ¥14.93 billion from ¥9.22 billion.

Reported net income decreased 40.3% from the prior-year period to ¥313.0 million, or ¥1.83 per share, from ¥524.0 million, or ¥6.45 per share.

As of July 11, US$1 was equivalent to ¥101.30.