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Zojirushi fiscal Q1 profit climbs 38.5% YOY

Zojirushi Corp. said its normalized net income for the fiscal first quarter ended Feb. 20 amounted to ¥36.98 per share, an increase of 38.5% from ¥26.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.50 billion, an increase of 38.5% from ¥1.80 billion in the year-earlier period.

The normalized profit margin climbed to 9.2% from 7.5% in the year-earlier period.

Total revenue rose 12.5% year over year to ¥27.21 billion from ¥24.18 billion, and total operating expenses climbed 8.1% year over year to ¥23.10 billion from ¥21.38 billion.

Reported net income rose 42.9% year over year to ¥2.71 billion, or ¥40.12 per share, from ¥1.90 billion, or ¥28.07 per share.

As of April 6, US$1 was equivalent to ¥118.97.