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Art Vivant fiscal Q1 profit climbs 38.8% YOY

Art Vivant Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥10.94 per share, an increase of 38.8% from ¥7.89 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥143.1 million, an increase of 38.8% from ¥103.1 million in the prior-year period.

The normalized profit margin rose to 10.4% from 7.7% in the year-earlier period.

Total revenue climbed year over year to ¥1.38 billion from ¥1.34 billion, and total operating expenses totaled ¥1.19 billion, compared with ¥1.18 billion in the year-earlier period.

Reported net income rose 37.6% on an annual basis to ¥139.0 million, or ¥10.63 per share, from ¥101.0 million, or ¥7.72 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.