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Sanyodo Holdings fiscal Q1 profit climbs YOY

Sanyodo Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 came to ¥10.74 per share, a gain from ¥4.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥62.5 million, a gain from ¥27.5 million in the year-earlier period.

The normalized profit margin climbed to 1.1% from 0.5% in the year-earlier period.

Total revenue fell 5.4% year over year to ¥5.78 billion from ¥6.11 billion, and total operating expenses declined 6.3% on an annual basis to ¥5.68 billion from ¥6.06 billion.

Reported net income rose year over year to ¥61.8 million, or ¥10.50 per share, from ¥19.4 million, or ¥3.27 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.