Tokatsu Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥13.49 per share, an increase of 40.6% from ¥9.59 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥66.3 million, an increase of 41.3% from ¥46.9 million in the year-earlier period.
The normalized profit margin rose to 3.8% from 3.2% in the year-earlier period.
Total revenue climbed 18.2% on an annual basis to ¥1.73 billion from ¥1.46 billion, and total operating expenses rose 17.0% from the prior-year period to ¥1.62 billion from ¥1.38 billion.
Reported net income grew 44.8% from the prior-year period to ¥64.6 million, or ¥13.15 per share, from ¥44.6 million, or ¥9.11 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
