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Generation Pass fiscal Q1 profit climbs YOY

Generation Pass Co.Ltd. said its normalized net income for the fiscal first quarter ended Jan. 31 came to ¥2.42 per share, an increase from 64 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.0 million, an increase from ¥4.4 million in the year-earlier period.

The normalized profit margin increased to 1.3% from 0.4% in the year-earlier period.

Total revenue climbed 30.3% on an annual basis to ¥1.52 billion from ¥1.16 billion, and total operating expenses grew 28.8% on an annual basis to ¥1.49 billion from ¥1.15 billion.

Reported net income grew on an annual basis to ¥21.6 million, or ¥2.55 per share, from ¥5.5 million, or 73 sen per share.

As of March 14, US$1 was equivalent to ¥113.59.