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Casio Computer fiscal Q1 profit climbs 77.4% YOY

Casio Computer Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥15.37 per share, an increase of 77.4% from ¥8.66 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.13 billion, a gain of 77.4% from ¥2.33 billion in the prior-year period.

The normalized profit margin increased to 5.7% from 3.4% in the year-earlier period.

Total revenue increased on an annual basis to ¥72.21 billion from ¥69.13 billion, and total operating expenses came to ¥65.19 billion, compared with ¥65.11 billion in the prior-year period.

Reported net income grew year over year to ¥4.60 billion, or ¥17.11 per share, from ¥2.14 billion, or ¥7.95 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.