Flying Garden Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥8.21 per share, an increase from ¥2.59 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.9 million, a gain from ¥3.8 million in the prior-year period.
The normalized profit margin climbed to 0.7% from 0.2% in the year-earlier period.
Total revenue climbed on an annual basis to ¥1.74 billion from ¥1.71 billion, and total operating expenses rose from the prior-year period to ¥1.72 billion from ¥1.70 billion.
Reported net income totaled ¥4.0 million, or ¥2.77 per share, compared to a loss of ¥5.0 million, or a loss of ¥3.46 per share, in the year-earlier period.
As of Aug. 12, US$1 was equivalent to ¥102.19.
