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Oriental Land fiscal Q1 profit climbs YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥42.60 per share, an increase from ¥42.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥14.71 billion, an increase from ¥14.54 billion in the prior-year period.

The normalized profit margin dropped to 13.7% from 14.1% in the year-earlier period.

Total revenue rose on an annual basis to ¥106.98 billion from ¥103.29 billion, and total operating expenses climbed on an annual basis to ¥84.18 billion from ¥80.71 billion.

Reported net income grew from the prior-year period to ¥16.36 billion, or ¥47.37 per share, from ¥15.60 billion, or ¥45.19 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.