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Kichiri & Co. fiscal Q1 profit climbs 18.3% YOY

Kichiri & Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was ¥6.75 per share, a gain of 17.8% from ¥5.73 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥68.8 million, an increase of 18.3% from ¥58.1 million in the year-earlier period.

The normalized profit margin climbed to 4.0% from 3.5% in the year-earlier period.

Total revenue increased year over year to ¥1.70 billion from ¥1.65 billion, and total operating expenses grew from the prior-year period to ¥1.60 billion from ¥1.56 billion.

Reported net income grew 25.9% year over year to ¥68.0 million, or ¥6.68 per share, from ¥54.0 million, or ¥5.33 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.