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Arigatou Services fiscal Q1 profit climbs 29.2% YOY

Arigatou Services Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 was ¥81.29 per share, an increase of 29.2% from ¥62.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥77.5 million, an increase of 29.2% from ¥60.0 million in the prior-year period.

The normalized profit margin climbed to 4.1% from 3.3% in the year-earlier period.

Total revenue increased year over year to ¥1.89 billion from ¥1.83 billion, and total operating expenses increased year over year to ¥1.76 billion from ¥1.73 billion.

Reported net income grew 33.3% on an annual basis to ¥68.0 million, or ¥71.33 per share, from ¥51.0 million, or ¥53.49 per share.

As of July 14, US$1 was equivalent to ¥101.58.