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Lobtex fiscal Q1 profit climbs 90.3% YOY

Lobtex Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥52.35 per share, a gain of 90.4% from ¥27.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥49.3 million, a gain of 90.3% from ¥25.9 million in the prior-year period.

The normalized profit margin climbed to 3.9% from 2.2% in the year-earlier period.

Total revenue climbed 6.1% year over year to ¥1.27 billion from ¥1.20 billion, and total operating expenses rose year over year to ¥1.18 billion from ¥1.14 billion.

Reported net income grew 95.7% year over year to ¥45.0 million, or ¥47.83 per share, from ¥23.0 million, or ¥24.44 per share.

As of Aug. 11, US$1 was equivalent to ¥124.86.