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Eco's Co. fiscal Q1 profit climbs 37.8% YOY

Eco's Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥33.94 per share, an increase of 43.6% from ¥23.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥323.8 million, an increase of 37.8% from ¥235.0 million in the prior-year period.

The normalized profit margin rose to 1.2% from 0.9% in the year-earlier period.

Total revenue climbed on an annual basis to ¥27.83 billion from ¥27.13 billion, and total operating expenses rose on an annual basis to ¥27.28 billion from ¥26.69 billion.

Reported net income rose 36.8% on an annual basis to ¥326.5 million, or ¥34.23 per share, from ¥238.6 million, or ¥24.00 per share.

As of July 15, US$1 was equivalent to ¥101.70.