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ASKUL fiscal Q1 profit climbs YOY

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.