Yondoshi Holdings Inc. said its normalized net income for the fiscal first quarter ended May 31 came to ¥42.23 per share, an increase of 44.0% from ¥29.33 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.16 billion, an increase of 44.5% from ¥800.0 million in the prior-year period.

The normalized profit margin climbed to 9.1% from 6.9% in the year-earlier period.

Total revenue climbed 9.1% on an annual basis to ¥12.67 billion from ¥11.62 billion, and total operating expenses grew 5.6% year over year to ¥11.11 billion from ¥10.53 billion.

Reported net income increased 44.5% from the prior-year period to ¥1.18 billion, or ¥43.13 per share, from ¥820.0 million, or ¥30.07 per share.

As of July 15, US$1 was equivalent to ¥101.70.