Maruyoshi Center Inc. said its normalized net income for the fiscal first quarter ended May 31 came to ¥1.98 per share, an increase from 93 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.3 million, an increase from ¥7.6 million in the year-earlier period.
The normalized profit margin climbed to 0.2% from 0.1% in the year-earlier period.
Total revenue increased on an annual basis to ¥10.27 billion from ¥9.89 billion, and total operating expenses grew from the prior-year period to ¥10.18 billion from ¥9.80 billion.
Reported net income increased year over year to ¥6.0 million, or 73 sen per share, from ¥1.0 million, or 12 sen per share.
As of July 14, US$1 was equivalent to ¥101.58.
