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Septeni fiscal Q1 profit climbs 93.3% YOY

Septeni Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to ¥4.76 per share, an increase of 93.0% from ¥2.47 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥620.8 million, an increase of 93.3% from ¥321.1 million in the year-earlier period.

The normalized profit margin climbed to 15.8% from 2.3% in the year-earlier period.

Total revenue fell 71.9% on an annual basis to ¥3.94 billion from ¥14.03 billion, and total operating expenses declined 78.0% on an annual basis to ¥2.99 billion from ¥13.60 billion.

Reported net income fell 38.8% year over year to ¥632.7 million, or ¥4.85 per share, from ¥1.03 billion, or ¥7.95 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.