Fast Retailing Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to ¥615.46 per share, an increase of 55.5% from ¥395.89 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥62.79 billion, a gain of 55.5% from ¥40.37 billion in the prior-year period.
The normalized profit margin increased to 13.1% from 10.4% in the year-earlier period.
Total revenue increased 23.3% on an annual basis to ¥479.54 billion from ¥389.05 billion, and total operating expenses increased 21.1% year over year to ¥394.35 billion from ¥325.66 billion.
Reported net income grew 63.9% year over year to ¥68.83 billion, or ¥674.61 per share, from ¥42.00 billion, or ¥411.81 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
