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Gfoot fiscal Q1 profit climbs 45.4% YOY

4915068 said its normalized net income for the fiscal first quarter ended May 31 was ¥28.94 per share, an increase of 45.4% from ¥19.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.21 billion, a gain of 45.4% from ¥829.4 million in the year-earlier period.

The normalized profit margin rose to 4.1% from 3.2% in the year-earlier period.

Total revenue grew 12.1% year over year to ¥29.42 billion from ¥26.24 billion, and total operating expenses grew 10.3% year over year to ¥27.49 billion from ¥24.91 billion.

Reported net income rose 56.8% year over year to ¥1.12 billion, or ¥26.96 per share, from ¥716.0 million, or ¥17.19 per share.

s of July 14, US$1 was equivalent to ¥101.58.Gfoot Co. Ltd.

4915068 said its normalized net income for the fiscal first quarter ended May 31 was ¥28.94 per share, an increase of 45.4% from ¥19.91 per share in the year-earlier period.