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Piolax fiscal Q1 profit climbs 38.6% YOY

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Piolax fiscal Q1 profit climbs 38.6% YOY

Piolax Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥40.38 per share, an increase of 38.6% from ¥29.13 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.51 billion, a gain of 38.6% from ¥1.09 billion in the prior-year period.

The normalized profit margin increased to 10.2% from 8.6% in the year-earlier period.

Total revenue climbed 16.8% year over year to ¥14.73 billion from ¥12.61 billion, and total operating expenses climbed 12.5% year over year to ¥12.49 billion from ¥11.10 billion.

Reported net income rose 28.3% year over year to ¥1.72 billion, or ¥46.04 per share, from ¥1.34 billion, or ¥35.88 per share.

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