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Kakiyasu Honten fiscal Q1 profit climbs 9.9% YOY

Kakiyasu Honten Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥28.81 per share, a gain of 15.4% from ¥24.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥341.3 million, an increase of 9.9% from ¥310.6 million in the year-earlier period.

The normalized profit margin increased to 3.3% from 3.2% in the year-earlier period.

Total revenue climbed 5.8% year over year to ¥10.42 billion from ¥9.85 billion, and total operating expenses rose 5.5% from the prior-year period to ¥9.87 billion from ¥9.36 billion.

Reported net income rose 10.0% year over year to ¥285.0 million, or ¥24.06 per share, from ¥259.0 million, or ¥20.81 per share.

As of July 10, US$1 was equivalent to ¥101.28.