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Yakult Honsha fiscal Q1 profit climbs 13.8% YOY

Yakult Honsha Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥24.46 per share, a gain of 18.8% from ¥20.59 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.04 billion, a gain of 13.8% from ¥3.55 billion in the prior-year period.

The normalized profit margin climbed to 4.7% from 4.3% in the year-earlier period.

Total revenue climbed 5.1% year over year to ¥86.38 billion from ¥82.16 billion, and total operating expenses climbed from the prior-year period to ¥80.47 billion from ¥76.78 billion.

Reported net income rose 17.7% on an annual basis to ¥4.45 billion, or ¥26.93 per share, from ¥3.78 billion, or ¥21.92 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.