Tabio Corp. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥37.62 per share, an increase of 41.9% from ¥26.52 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥256.3 million, a gain of 41.9% from ¥180.6 million in the prior-year period.

The normalized profit margin rose to 5.8% from 4.4% in the year-earlier period.

Total revenue climbed 7.9% on an annual basis to ¥4.43 billion from ¥4.10 billion, and total operating expenses grew 5.1% year over year to ¥4.02 billion from ¥3.83 billion.

Reported net income grew 45.5% from the prior-year period to ¥240.0 million, or ¥35.23 per share, from ¥165.0 million, or ¥24.22 per share.

As of July 11, US$1 was equivalent to ¥101.30.