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Kameda Seika fiscal Q1 profit climbs 22.9% YOY

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Kameda Seika fiscal Q1 profit climbs 22.9% YOY

Kameda Seika Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥18.95 per share, an increase of 22.9% from ¥15.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥399.6 million, a gain of 22.9% from ¥325.3 million in the year-earlier period.

The normalized profit margin increased to 1.8% from 1.5% in the year-earlier period.

Total revenue grew on an annual basis to ¥22.40 billion from ¥21.68 billion, and total operating expenses increased from the prior-year period to ¥22.02 billion from ¥21.51 billion.

Reported net income fell 32.7% on an annual basis to ¥345.0 million, or ¥16.36 per share, from ¥513.0 million, or ¥24.33 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.