Daikoku Denki Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥64.90 per share, an increase of 13.2% from ¥57.33 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥959.4 million, a gain of 13.2% from ¥847.5 million in the prior-year period.
The normalized profit margin fell to 7.4% from 7.5% in the year-earlier period.
Total revenue climbed 13.9% on an annual basis to ¥12.91 billion from ¥11.34 billion, and total operating expenses grew 13.8% from the prior-year period to ¥11.41 billion from ¥10.02 billion.
Reported net income grew 20.8% from the prior-year period to ¥957.0 million, or ¥64.74 per share, from ¥792.0 million, or ¥53.58 per share.
As of Aug. 14, US$1 was equivalent to ¥102.44.
