Kato Sangyo Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥46.82 per share, an increase from ¥45.65 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.75 billion, a gain from ¥1.71 billion in the year-earlier period.
The normalized profit margin dropped to 0.7% from 0.8% in the year-earlier period.
Total revenue grew 19.8% on an annual basis to ¥245.45 billion from ¥204.89 billion, and total operating expenses increased 20.1% from the prior-year period to ¥243.01 billion from ¥202.37 billion.
Reported net income grew 13.2% from the prior-year period to ¥1.77 billion, or ¥47.29 per share, from ¥1.56 billion, or ¥41.76 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
