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Jorudan fiscal Q1 profit climbs YOY

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Jorudan fiscal Q1 profit climbs YOY

Jorudan Co.Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was ¥11.74 per share, a gain from ¥11.38 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥61.3 million, a gain from ¥59.4 million in the year-earlier period.

The normalized profit margin rose to 6.1% from 5.6% in the year-earlier period.

Total revenue declined 5.8% year over year to ¥996.0 million from ¥1.06 billion, and total operating expenses declined 7.1% on an annual basis to ¥897.0 million from ¥966.0 million.

Reported net income increased on an annual basis to ¥54.0 million, or ¥10.35 per share, from ¥53.0 million, or ¥10.16 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.