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Yomiuri Land fiscal Q1 profit climbs 17.1% YOY

Yomiuri Land Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥81.99 per share, an increase of 17.5% from ¥69.78 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥633.8 million, a gain of 17.1% from ¥541.3 million in the prior-year period.

The normalized profit margin rose to 15.1% from 13.3% in the year-earlier period.

Total revenue grew year over year to ¥4.20 billion from ¥4.08 billion, and total operating expenses came to ¥3.53 billion, compared with ¥3.50 billion in the year-earlier period.

Reported net income increased 27.4% from the prior-year period to ¥720.0 million, or ¥93.15 per share, from ¥565.0 million, or ¥72.84 per share.

As of Aug. 13, US$1 was equivalent to ¥124.46.