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Kura fiscal Q1 profit climbs 30.7% YOY

Kura Corp. said its normalized net income for the fiscal first quarter ended Jan. 31 came to ¥52.04 per share, an increase of 37.0% from ¥37.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.03 billion, an increase of 30.7% from ¥786.3 million in the prior-year period.

The normalized profit margin rose to 4.0% from 3.4% in the year-earlier period.

Total revenue grew 8.8% year over year to ¥25.46 billion from ¥23.39 billion, and total operating expenses increased 7.9% year over year to ¥23.98 billion from ¥22.24 billion.

Reported net income grew 39.8% from the prior-year period to ¥1.04 billion, or ¥52.63 per share, from ¥743.0 million, or ¥35.89 per share.

As of March 13, US$1 was equivalent to ¥121.18.