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Nagano Tokyu Department Store fiscal Q1 profit climbs 43.9% YOY

Nagano Tokyu Department Store Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 amounted to ¥3.85 per share, an increase of 44.0% from ¥2.67 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.9 million, an increase of 43.9% from ¥25.6 million in the prior-year period.

The normalized profit margin climbed to 0.6% from 0.5% in the year-earlier period.

Total revenue increased on an annual basis to ¥5.68 billion from ¥5.58 billion, and total operating expenses increased year over year to ¥5.61 billion from ¥5.52 billion.

Reported net income increased 64.7% from the prior-year period to ¥28.0 million, or ¥2.92 per share, from ¥17.0 million, or ¥1.77 per share.

As of June 2, US$1 was equivalent to ¥102.18.