Sakai Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to ¥8.43 per share, an increase of 90.1% from ¥4.43 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥91.5 million, an increase of 90.1% from ¥48.1 million in the prior-year period.
The normalized profit margin climbed to 1.9% from 1.1% in the year-earlier period.
Total revenue rose 11.1% on an annual basis to ¥4.93 billion from ¥4.44 billion, and total operating expenses climbed 9.9% on an annual basis to ¥4.80 billion from ¥4.37 billion.
Reported net income increased year over year to ¥86.0 million, or ¥7.92 per share, from ¥12.0 million, or ¥1.11 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
