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Milbon fiscal Q1 profit climbs 15.3% YOY

Milbon Co. Ltd. said its normalized net income for the fiscal first quarter ended March 20 amounted to ¥18.68 per share, a gain of 15.3% from ¥16.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥611.9 million, a gain of 15.3% from ¥530.6 million in the year-earlier period.

The normalized profit margin increased to 10.1% from 9.2% in the year-earlier period.

Total revenue rose 4.9% year over year to ¥6.08 billion from ¥5.80 billion, and total operating expenses grew year over year to ¥5.08 billion from ¥4.85 billion.

Reported net income grew 27.0% from the prior-year period to ¥635.0 million, or ¥19.39 per share, from ¥500.0 million, or ¥15.27 per share.

As of April 27, US$1 was equivalent to ¥119.12.