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Kosaikogei fiscal Q1 profit climbs YOY

Kosaikogei Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 amounted to ¥28.36 per share, a gain from ¥8.34 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.6 million, an increase from ¥3.1 million in the prior-year period.

The normalized profit margin climbed to 1.4% from 0.5% in the year-earlier period.

Total revenue increased 25.4% year over year to ¥785.0 million from ¥626.0 million, and total operating expenses increased 22.6% year over year to ¥766.0 million from ¥625.0 million.

Reported net income increased on an annual basis to ¥15.0 million, or ¥40.04 per share, from ¥3.0 million, or ¥8.01 per share.

As of June 13, US$1 was equivalent to ¥102.08.