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Arcs Co. fiscal Q1 profit climbs 6.7% YOY

Arcs Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥40.13 per share, a gain of 6.7% from ¥37.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.21 billion, a gain of 6.7% from ¥2.07 billion in the prior-year period.

The normalized profit margin increased to 2.0% from 1.9% in the year-earlier period.

Total revenue totaled ¥112.52 billion, compared with ¥111.51 billion in the year-earlier period, and total operating expenses totaled ¥109.42 billion, compared with ¥108.52 billion in the year-earlier period.

Reported net income rose 13.3% year over year to ¥1.90 billion, or ¥34.46 per share, from ¥1.67 billion, or ¥30.42 per share.

As of July 15, US$1 was equivalent to ¥101.70.