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Oriental Land fiscal Q1 profit climbs 9.3% YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥46.50 per share, a gain of 9.2% from ¥42.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.08 billion, a gain of 9.3% from ¥14.71 billion in the prior-year period.

The normalized profit margin increased to 14.6% from 13.7% in the year-earlier period.

Total revenue climbed on an annual basis to ¥109.87 billion from ¥106.98 billion, and total operating expenses came to ¥84.81 billion, compared with ¥84.18 billion in the year-earlier period.

Reported net income rose 28.4% year over year to ¥21.00 billion, or ¥60.73 per share, from ¥16.36 billion, or ¥47.37 per share.

As of Aug. 10, US$1 was equivalent to ¥109.48.