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Ebara Foods fiscal Q1 profit climbs 13.3% YOY

Ebara Foods said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥31.44 per share, a gain of 13.3% from ¥27.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥287.5 million, a gain of 13.3% from ¥253.8 million in the year-earlier period.

The normalized profit margin increased to 2.4% from 2.1% in the year-earlier period.

Total revenue declined year over year to ¥11.81 billion from ¥12.03 billion, and total operating expenses decreased year over year to ¥11.44 billion from ¥11.62 billion.

Reported net income grew 11.9% from the prior-year period to ¥216.0 million, or ¥23.62 per share, from ¥193.0 million, or ¥21.11 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.