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GSI Creos fiscal Q1 profit climbs 52.0% YOY

GSI Creos Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥18.19 per share, an increase of 52.1% from ¥11.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥116.9 million, an increase of 52.0% from ¥76.9 million in the prior-year period.

The normalized profit margin increased to 0.4% from 0.2% in the year-earlier period.

Total revenue climbed on an annual basis to ¥33.11 billion from ¥32.51 billion, and total operating expenses climbed on an annual basis to ¥32.82 billion from ¥32.32 billion.

Reported net income increased 75.9% from the prior-year period to ¥102.0 million, or ¥15.88 per share, from ¥58.0 million, or ¥9.03 per share.

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