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SECOM fiscal Q1 profit climbs 11.2% YOY

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SECOM fiscal Q1 profit climbs 11.2% YOY

Secom Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥93.74 per share, an increase of 11.2% from ¥84.27 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.46 billion, a gain of 11.2% from ¥18.39 billion in the prior-year period.

The normalized profit margin rose to 10.8% from 9.6% in the year-earlier period.

Total revenue totaled ¥190.21 billion, compared with ¥190.64 billion in the year-earlier period, and total operating expenses fell on an annual basis to ¥160.47 billion from ¥162.92 billion.

Reported net income grew 20.3% from the prior-year period to ¥22.92 billion, or ¥105.00 per share, from ¥19.04 billion, or ¥87.25 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.