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Saint Marc Holdings fiscal Q1 profit climbs 6.8% YOY

Saint Marc Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥45.83 per share, a gain of 8.9% from ¥42.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.02 billion, a gain of 6.8% from ¥953.1 million in the year-earlier period.

The normalized profit margin dropped to 7.1% from 7.4% in the year-earlier period.

Total revenue grew 11.4% year over year to ¥14.40 billion from ¥12.93 billion, and total operating expenses grew 11.8% from the prior-year period to ¥12.77 billion from ¥11.42 billion.

Reported net income grew 20.5% year over year to ¥940.0 million, or ¥42.31 per share, from ¥780.0 million, or ¥34.44 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.