Matsuya Foods Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥9.64 per share, a gain from 23 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 ¥183.8 million, an increase from ¥4.4 million in the year-earlier period.
The normalized profit margin increased to 0.9% from 0.0% in the year-earlier period.
Total revenue increased on an annual basis to ¥19.50 billion from ¥19.18 billion, and total operating expenses totaled ¥19.21 billion, compared with ¥19.17 billion in the prior-year period.
Reported net income came to ¥49.0 million, or ¥2.57 per share, compared to a loss of ¥87.0 million, or a loss of ¥4.57 per share, in the prior-year period.
As of Aug. 11, US$1 was equivalent to ¥102.12.
