Ichibanya Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 31 was ¥26.14 per share, a gain of 14.4% from ¥22.84 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥834.4 million, a gain of 14.4% from ¥729.1 million in the year-earlier period.
The normalized profit margin rose to 7.5% from 6.9% in the year-earlier period.
Total revenue increased 5.1% year over year to ¥11.09 billion from ¥10.55 billion, and total operating expenses rose on an annual basis to ¥9.81 billion from ¥9.43 billion.
Reported net income rose 62.6% year over year to ¥764.0 million, or ¥23.93 per share, from ¥470.0 million, or ¥14.72 per share.
As of Oct. 7, US$1 was equivalent to ¥108.30.
