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Kajima fiscal Q1 profit climbs 102.7% YOY

Kajima Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥19.29 per share, a gain of 102.7% from ¥9.51 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.03 billion, a gain of 102.7% from ¥9.88 billion in the year-earlier period.

The normalized profit margin climbed to 5.1% from 2.7% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to ¥390.65 billion from ¥360.99 billion, and total operating expenses climbed from the prior-year period to ¥360.28 billion from ¥349.33 billion.

Reported net income rose 93.0% year over year to ¥20.56 billion, or ¥19.80 per share, from ¥10.65 billion, or ¥10.26 per share.

As of Aug. 10, US$1 was equivalent to ¥101.31.