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Noevir Holdings fiscal Q1 profit climbs YOY

Noevir Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was ¥48.00 per share, a gain from ¥45.84 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.76 billion, an increase from ¥1.72 billion in the year-earlier period.

The normalized profit margin rose to 13.8% from 13.4% in the year-earlier period.

Total revenue totaled ¥12.75 billion, compared with ¥12.81 billion in the year-earlier period, and total operating expenses totaled ¥10.25 billion, compared with ¥10.20 billion in the prior-year period.

Reported net income fell 11.3% on an annual basis to ¥1.12 billion, or ¥30.62 per share, from ¥1.26 billion, or ¥33.78 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.