Transaction Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to ¥5.60 per share, a gain of 28.8% from ¥4.35 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥141.9 million, a gain of 26.1% from ¥112.5 million in the year-earlier period.
The normalized profit margin increased to 5.0% from 4.2% in the year-earlier period.
Total revenue increased 6.3% on an annual basis to ¥2.84 billion from ¥2.67 billion, and total operating expenses grew from the prior-year period to ¥2.61 billion from ¥2.48 billion.
Reported net income grew 30.9% from the prior-year period to ¥142.4 million, or ¥5.62 per share, from ¥108.8 million, or ¥4.21 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
