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Kitanotatsujin fiscal Q1 profit climbs 65.4% YOY

Kitanotatsujin Corp. said its normalized net income for the fiscal first quarter ended May 31 came to 63 Japanese sen per share, an increase of 57.8% from 40 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥80.6 million, an increase of 65.4% from ¥48.8 million in the prior-year period.

The normalized profit margin increased to 17.0% from 12.0% in the year-earlier period.

Total revenue climbed 16.2% year over year to ¥473.0 million from ¥407.0 million, and total operating expenses grew year over year to ¥343.0 million from ¥332.0 million.

Reported net income grew 60.4% year over year to ¥77.0 million, or 60 sen per share, from ¥48.0 million, or 39 sen per share.

As of July 15, US$1 was equivalent to ¥101.70.