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Takara Holdings fiscal Q1 profit climbs YOY

Takara Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥4.24 per share, a gain from 30 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥853.1 million, a gain from ¥60.8 million in the prior-year period.

The normalized profit margin increased to 1.7% from 0.1% in the year-earlier period.

Total revenue climbed 6.5% year over year to ¥50.02 billion from ¥46.95 billion, and total operating expenses climbed on an annual basis to ¥48.84 billion from ¥47.19 billion.

Reported net income came to ¥811.0 million, or ¥4.03 per share, compared to a loss of ¥86.0 million, or a loss of 42 sen per share, in the year-earlier period.

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