JICHODO Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to ¥103.04 per share, an increase of 83.3% from ¥56.20 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥311.9 million, a gain of 80.1% from ¥173.1 million in the year-earlier period.

The normalized profit margin rose to 7.6% from 4.8% in the year-earlier period.

Total revenue climbed 13.9% on an annual basis to ¥4.12 billion from ¥3.61 billion, and total operating expenses rose 7.7% year over year to ¥3.65 billion from ¥3.39 billion.

Reported net income declined 83.7% year over year to ¥77.0 million, or ¥25.44 per share, from ¥471.0 million, or ¥152.90 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.