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BEAUTY GARAGE fiscal Q1 profit climbs YOY

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BEAUTY GARAGE fiscal Q1 profit climbs YOY

BEAUTY GARAGE Inc. said its normalized net income for the fiscal first quarter ended July 31 was ¥5.29 per share, an increase from ¥1.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.3 million, a gain from ¥11.3 million in the prior-year period.

The normalized profit margin increased to 1.9% from 0.7% in the year-earlier period.

Total revenue rose 9.2% year over year to ¥1.67 billion from ¥1.53 billion, and total operating expenses increased 7.6% on an annual basis to ¥1.62 billion from ¥1.50 billion.

Reported net income increased 84.4% year over year to ¥30.0 million, or ¥5.08 per share, from ¥16.3 million, or ¥2.71 per share.

As of Sept. 12, US$1 was equivalent to ¥107.36.