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BEAUTY GARAGE fiscal Q1 profit climbs 46.8% YOY

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BEAUTY GARAGE fiscal Q1 profit climbs 46.8% YOY

BEAUTY GARAGE Inc. said its normalized net income for the fiscal first quarter ended July 31 was ¥7.52 per share, a gain of 42.3% from ¥5.29 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥45.9 million, an increase of 46.8% from ¥31.3 million in the year-earlier period.

The normalized profit margin increased to 2.3% from 1.9% in the year-earlier period.

Total revenue climbed 19.4% on an annual basis to ¥1.99 billion from ¥1.67 billion, and total operating expenses grew 19.1% year over year to ¥1.93 billion from ¥1.62 billion.

Reported net income increased 33.3% from the prior-year period to ¥40.0 million, or ¥6.56 per share, from ¥30.0 million, or ¥5.08 per share.

As of Sept. 14, US$1 was equivalent to ¥120.11.