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Marusan-Ai fiscal Q1 profit climbs 66.9% YOY

Marusan-Ai Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 20, 2014, was ¥56.09 per share, a gain of 66.9% from ¥33.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥128.8 million, an increase of 66.9% from ¥77.1 million in the year-earlier period.

The normalized profit margin rose to 2.1% from 1.3% in the year-earlier period.

Total revenue rose year over year to ¥6.13 billion from ¥5.91 billion, and total operating expenses climbed from the prior-year period to ¥5.90 billion from ¥5.78 billion.

Reported net income grew from the prior-year period to ¥231.0 million, or ¥100.64 per share, from ¥98.0 million, or ¥42.69 per share.

As of Jan. 30, US$1 was equivalent to ¥117.42.