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Nagatanien Holdings fiscal Q1 profit climbs 5.5% YOY

Nagatanien Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥15.16 per share, an increase of 6.7% from ¥14.21 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥546.6 million, an increase of 5.5% from ¥518.1 million in the year-earlier period.

The normalized profit margin dropped to 3.1% from 3.3% in the year-earlier period.

Total revenue rose 13.2% on an annual basis to ¥17.91 billion from ¥15.83 billion, and total operating expenses increased 14.1% year over year to ¥17.16 billion from ¥15.04 billion.

Reported net income rose 6.9% on an annual basis to ¥591.0 million, or ¥16.39 per share, from ¥553.0 million, or ¥15.16 per share.

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