Right On Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 20, 2014, was ¥9.76 per share, a gain of 36.0% from ¥7.17 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥265.6 million, a gain of 35.8% from ¥195.6 million in the year-earlier period.
The normalized profit margin climbed to 1.5% from 1.1% in the year-earlier period.
Total revenue decreased on an annual basis to ¥17.53 billion from ¥17.90 billion, and total operating expenses declined year over year to ¥17.08 billion from ¥17.56 billion.
Reported net income increased 71.0% on an annual basis to ¥159.0 million, or ¥5.84 per share, from ¥93.0 million, or ¥3.41 per share.
As of Jan. 5, US$1 was equivalent to ¥119.60.
