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Albis fiscal Q1 profit climbs 15.0% YOY

Albis Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥44.69 per share, a gain of 11.5% from ¥40.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥293.1 million, an increase of 15.0% from ¥255.0 million in the prior-year period.

The normalized profit margin climbed to 1.7% from 1.6% in the year-earlier period.

Total revenue climbed 7.6% year over year to ¥17.01 billion from ¥15.81 billion, and total operating expenses rose 7.5% year over year to ¥16.60 billion from ¥15.45 billion.

Reported net income increased 29.2% year over year to ¥305.0 million, or ¥46.50 per share, from ¥236.0 million, or ¥37.11 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.