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Tokyo Kiho fiscal Q1 profit climbs 81.5% YOY

Tokyo Kiho Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥69.25 per share, a gain of 81.5% from ¥38.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.6 million, an increase of 81.5% from ¥16.9 million in the year-earlier period.

The normalized profit margin climbed to 2.5% from 1.3% in the year-earlier period.

Total revenue fell 7.4% year over year to ¥1.21 billion from ¥1.30 billion, and total operating expenses declined 9.0% on an annual basis to ¥1.17 billion from ¥1.28 billion.

Reported net income rose 81.5% year over year to ¥49.0 million, or ¥110.80 per share, from ¥27.0 million, or ¥61.04 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.