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Ezaki Glico fiscal Q1 profit climbs 7.1% YOY

Ezaki Glico Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥42.06 per share, a decrease of 7.1% from ¥45.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.76 billion, an increase of 7.1% from ¥2.57 billion in the year-earlier period.

The normalized profit margin increased to 3.5% from 3.3% in the year-earlier period.

Total revenue came to ¥78.85 billion, compared with ¥78.42 billion in the year-earlier period, and total operating expenses came to ¥74.25 billion, compared with ¥74.60 billion in the year-earlier period.

Reported net income rose from the prior-year period to ¥11.03 billion, or ¥168.22 per share, from ¥3.55 billion, or ¥62.44 per share.

As of Aug. 1, US$1 was equivalent to ¥102.47.