Muro Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥35.77 per share, a gain of 39.9% from ¥25.56 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥221.3 million, an increase of 39.9% from ¥158.1 million in the prior-year period.
The normalized profit margin increased to 5.1% from 4.0% in the year-earlier period.
Total revenue climbed 10.3% on an annual basis to ¥4.32 billion from ¥3.92 billion, and total operating expenses rose 6.9% from the prior-year period to ¥4.01 billion from ¥3.75 billion.
Reported net income decreased 21.0% on an annual basis to ¥124.0 million, or ¥20.05 per share, from ¥157.0 million, or ¥25.38 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
