HASEKO Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥10.43 per share, an increase from ¥5.17 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.38 billion, an increase of 71.1% from ¥1.97 billion in the year-earlier period.
The normalized profit margin increased to 2.6% from 1.6% in the year-earlier period.
Total revenue climbed 6.2% on an annual basis to ¥130.54 billion from ¥122.94 billion, and total operating expenses grew 5.0% on an annual basis to ¥125.08 billion from ¥119.17 billion.
Reported net income grew 78.3% from the prior-year period to ¥3.99 billion, or ¥12.33 per share, from ¥2.24 billion, or ¥5.86 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
