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Kyoshin fiscal Q1 profit climbs 5.0% YOY

Kyoshin Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 31 was ¥15.57 per share, a gain of 5.0% from ¥14.83 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥130.6 million, a gain of 5.0% from ¥124.4 million in the prior-year period.

The normalized profit margin climbed to 4.6% from 4.5% in the year-earlier period.

Total revenue climbed on an annual basis to ¥2.85 billion from ¥2.75 billion, and total operating expenses increased from the prior-year period to ¥2.63 billion from ¥2.54 billion.

Reported net income fell 5.3% from the prior-year period to ¥108.0 million, or ¥12.87 per share, from ¥114.0 million, or ¥13.59 per share.

As of Oct. 14, US$1 was equivalent to ¥107.05.