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Aohata fiscal Q1 profit climbs YOY

Aohata Corp. said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to ¥10.68 per share, an increase from ¥1.72 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥82.1 million, a gain from ¥11.9 million in the prior-year period.

The normalized profit margin climbed to 1.6% from 0.3% in the year-earlier period.

Total revenue grew 16.1% year over year to ¥5.19 billion from ¥4.47 billion, and total operating expenses rose 13.8% year over year to ¥5.08 billion from ¥4.47 billion.

Reported net income grew year over year to ¥290.0 million, or ¥37.71 per share, from ¥3.0 million, or 44 sen per share.

As of March 16, US$1 was equivalent to ¥121.30.