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Asrapport Dining fiscal Q1 profit climbs YOY

Asrapport Dining Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥7.57 per share, an increase from ¥3.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥146.4 million, a gain from ¥61.3 million in the year-earlier period.

The normalized profit margin climbed to 5.5% from 3.4% in the year-earlier period.

Total revenue rose 50.5% year over year to ¥2.67 billion from ¥1.78 billion, and total operating expenses rose 43.0% from the prior-year period to ¥2.41 billion from ¥1.68 billion.

Reported net income increased on an annual basis to ¥207.6 million, or ¥10.74 per share, from ¥75.5 million, or ¥3.99 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.