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Fujicco fiscal Q1 profit climbs 7.9% YOY

Fujicco Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥17.88 per share, an increase of 8.2% from ¥16.53 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥571.3 million, an increase of 7.9% from ¥529.4 million in the year-earlier period.

The normalized profit margin rose to 4.3% from 4.0% in the year-earlier period.

Total revenue climbed on an annual basis to ¥13.44 billion from ¥13.17 billion, and total operating expenses rose from the prior-year period to ¥12.63 billion from ¥12.41 billion.

Reported net income increased 78.7% year over year to ¥588.0 million, or ¥18.41 per share, from ¥329.0 million, or ¥10.28 per share.

As of Aug. 7, US$1 was equivalent to ¥102.16.