Japan Wool Textile Co. Ltd. said its normalized net income for the fiscal first quarter ended Feb. 28 came to ¥9.12 per share, an increase of 5.0% from ¥8.69 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥691.1 million, an increase of 5.0% from ¥658.3 million in the year-earlier period.
The normalized profit margin declined to 2.9% from 2.9% in the year-earlier period.
Total revenue increased 5.1% year over year to ¥23.58 billion from ¥22.45 billion, and total operating expenses grew 5.1% from the prior-year period to ¥22.49 billion from ¥21.41 billion.
Reported net income rose 18.8% on an annual basis to ¥727.0 million, or ¥9.60 per share, from ¥612.0 million, or ¥8.08 per share.
As of April 14, US$1 was equivalent to ¥119.09.
