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SHO-BI Corp. fiscal Q1 profit climbs 34.3% YOY

SHO-BI Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to ¥8.39 per share, an increase of 34.3% from ¥6.25 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥112.5 million, a gain of 34.3% from ¥83.8 million in the prior-year period.

The normalized profit margin rose to 2.6% from 2.0% in the year-earlier period.

Total revenue grew on an annual basis to ¥4.38 billion from ¥4.20 billion, and total operating expenses increased 4.9% on an annual basis to ¥4.28 billion from ¥4.08 billion.

Reported net income fell 60.0% from the prior-year period to ¥76.0 million, or ¥5.67 per share, from ¥190.0 million, or ¥14.17 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.