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Yamanaka fiscal Q1 profit climbs 12.8% YOY

Yamanaka Co. Ltd. said its normalized net income for the fiscal first quarter ended June 20 amounted to ¥8.40 per share, a gain of 18.2% from ¥7.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥161.9 million, an increase of 12.8% from ¥143.5 million in the prior-year period.

The normalized profit margin climbed to 0.7% from 0.6% in the year-earlier period.

Total revenue grew on an annual basis to ¥24.77 billion from ¥24.50 billion, and total operating expenses climbed year over year to ¥24.61 billion from ¥24.34 billion.

Reported net income declined 12.8% on an annual basis to ¥123.0 million, or ¥6.39 per share, from ¥141.0 million, or ¥6.98 per share.

As of Aug. 4, US$1 was equivalent to ¥102.45.