UMENOHANA Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥20.44 per share, an increase of 21.9% from ¥16.77 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥178.8 million, a gain of 22.2% from ¥146.3 million in the prior-year period.
The normalized profit margin rose to 2.3% from 1.8% in the year-earlier period.
Total revenue declined on an annual basis to ¥7.85 billion from ¥8.02 billion, and total operating expenses decreased year over year to ¥7.54 billion from ¥7.76 billion.
Reported net income increased 11.4% from the prior-year period to ¥155.4 million, or ¥17.77 per share, from ¥139.5 million, or ¥15.99 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
