Yagi & Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥59.91 per share, a gain of 13.4% from ¥52.84 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥503.1 million, a gain of 13.4% from ¥443.8 million in the prior-year period.
The normalized profit margin climbed to 1.9% from 1.5% in the year-earlier period.
Total revenue decreased 12.1% year over year to ¥26.31 billion from ¥29.95 billion, and total operating expenses declined 13.5% year over year to ¥25.65 billion from ¥29.67 billion.
Reported net income rose 31.6% from the prior-year period to ¥529.0 million, or ¥62.99 per share, from ¥402.0 million, or ¥47.87 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
