Sanden Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥70.76 per share, an increase from ¥20.28 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.96 billion, a gain from ¥552.8 million in the prior-year period.
The normalized profit margin increased to 2.5% from 0.8% in the year-earlier period.
Total revenue rose 16.4% year over year to ¥76.86 billion from ¥66.02 billion, and total operating expenses rose 12.3% from the prior-year period to ¥73.81 billion from ¥65.70 billion.
Reported net income grew on an annual basis to ¥2.66 billion, or ¥96.24 per share, from ¥556.0 million, or ¥20.40 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
