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Kyoritsu Maintenance fiscal Q1 profit climbs 11.3% YOY

Kyoritsu Maintenance Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥14.62 per share, a decline of 6.5% from ¥15.63 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥570.6 million, an increase of 11.3% from ¥512.5 million in the year-earlier period.

The normalized profit margin climbed to 2.2% from 2.1% in the year-earlier period.

Total revenue climbed on an annual basis to ¥25.51 billion from ¥24.74 billion, and total operating expenses climbed year over year to ¥24.41 billion from ¥23.66 billion.

Reported net income rose 31.4% year over year to ¥551.9 million, or ¥14.14 per share, from ¥420.0 million, or ¥12.81 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.