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S&B Foods fiscal Q1 profit climbs 7.8% YOY

S&B Foods Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥103.43 per share, an increase of 7.8% from ¥95.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥718.1 million, an increase of 7.8% from ¥666.3 million in the year-earlier period.

The normalized profit margin rose to 2.5% from 2.3% in the year-earlier period.

Total revenue declined year over year to ¥28.44 billion from ¥29.38 billion, and total operating expenses decreased from the prior-year period to ¥27.26 billion from ¥28.30 billion.

Reported net income grew 33.4% on an annual basis to ¥771.0 million, or ¥111.05 per share, from ¥578.0 million, or ¥83.23 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.