Kasai Kogyo Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥32.80 per share, an increase of 39.7% from ¥23.47 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.24 billion, an increase of 38.1% from ¥895.9 million in the year-earlier period.
The normalized profit margin rose to 2.4% from 2.2% in the year-earlier period.
Total revenue increased 24.6% on an annual basis to ¥51.38 billion from ¥41.24 billion, and total operating expenses increased 23.4% from the prior-year period to ¥48.86 billion from ¥39.60 billion.
Reported net income grew 27.4% year over year to ¥1.37 billion, or ¥36.25 per share, from ¥1.07 billion, or ¥28.13 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
