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Kichiri & Co. fiscal Q1 profit climbs 24.5% YOY

Kichiri & Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to ¥8.39 per share, a gain of 24.2% from ¥6.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.6 million, an increase of 24.5% from ¥68.8 million in the year-earlier period.

The normalized profit margin climbed to 4.4% from 4.0% in the year-earlier period.

Total revenue increased 15.1% on an annual basis to ¥1.96 billion from ¥1.70 billion, and total operating expenses rose 14.1% from the prior-year period to ¥1.82 billion from ¥1.60 billion.

Reported net income rose 27.9% year over year to ¥87.0 million, or ¥8.52 per share, from ¥68.0 million, or ¥6.68 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.