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Samantha Thavasa Japan fiscal Q1 profit climbs YOY

Samantha Thavasa Japan Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥25.90 per share, a gain from ¥11.82 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥914.0 million, a gain from ¥417.3 million in the year-earlier period.

The normalized profit margin rose to 8.9% from 5.8% in the year-earlier period.

Total revenue climbed 44.6% on an annual basis to ¥10.32 billion from ¥7.13 billion, and total operating expenses grew 33.6% from the prior-year period to ¥8.84 billion from ¥6.62 billion.

Reported net income rose 73.4% on an annual basis to ¥808.0 million, or ¥22.89 per share, from ¥466.0 million, or ¥13.20 per share.

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