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Ryohin Keikaku fiscal Q1 profit climbs YOY

Ryohin Keikaku Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 was ¥158.80 per share, a gain from ¥153.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.22 billion, a gain from ¥4.12 billion in the year-earlier period.

The normalized profit margin fell to 6.3% from 7.5% in the year-earlier period.

Total revenue grew 21.1% on an annual basis to ¥66.70 billion from ¥55.08 billion, and total operating expenses grew 21.7% year over year to ¥60.08 billion from ¥49.35 billion.

Reported net income fell 6.1% year over year to ¥3.66 billion, or ¥137.55 per share, from ¥3.89 billion, or ¥145.29 per share.

As of July 2, US$1 was equivalent to ¥101.77.