K's Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥26.68 per share, an increase of 52.5% from ¥17.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.80 billion, an increase of 49.3% from ¥1.88 billion in the year-earlier period.

The normalized profit margin increased to 1.9% from 1.2% in the year-earlier period.

Total revenue came to ¥150.45 billion, compared with ¥151.51 billion in the year-earlier period, and total operating expenses fell from the prior-year period to ¥148.26 billion from ¥150.24 billion.

Reported net income rose from the prior-year period to ¥2.78 billion, or ¥26.44 per share, from ¥1.14 billion, or ¥10.63 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.