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IKK fiscal Q1 profit climbs 6.5% YOY

IKK Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to ¥8.77 per share, a gain of 5.6% from ¥8.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥257.5 million, a gain of 6.5% from ¥241.9 million in the prior-year period.

The normalized profit margin declined to 6.4% from 6.6% in the year-earlier period.

Total revenue increased 9.4% on an annual basis to ¥4.02 billion from ¥3.67 billion, and total operating expenses increased 9.5% year over year to ¥3.60 billion from ¥3.29 billion.

Reported net income grew 11.5% year over year to ¥260.3 million, or ¥8.86 per share, from ¥233.4 million, or ¥8.01 per share.

As of March 15, US$1 was equivalent to ¥112.86.