ASKUL Corp. said its normalized net income for the fiscal first quarter ended Aug. 20 amounted to ¥4.61 per share, an increase from ¥4.55 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥253.9 million, an increase from ¥246.3 million in the year-earlier period.
The normalized profit margin fell to 0.4% from 0.4% in the year-earlier period.
Total revenue increased 9.5% year over year to ¥63.04 billion from ¥57.56 billion, and total operating expenses grew 9.5% year over year to ¥62.66 billion from ¥57.20 billion.
Reported net income rose 37.1% on an annual basis to ¥182.5 million, or ¥3.31 per share, from ¥133.1 million, or ¥2.46 per share.
As of Sept. 26, US$1 was equivalent to ¥109.20.
