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TPR Co. Ltd. fiscal Q1 profit climbs 59.6% YOY

TPR Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥63.03 per share, a gain of 59.4% from ¥39.54 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.22 billion, a gain of 59.6% from ¥1.39 billion in the prior-year period.

The normalized profit margin climbed to 5.9% from 4.1% in the year-earlier period.

Total revenue rose 11.6% year over year to ¥37.56 billion from ¥33.67 billion, and total operating expenses increased 7.4% on an annual basis to ¥33.57 billion from ¥31.27 billion.

Reported net income grew 80.8% year over year to ¥2.87 billion, or ¥81.46 per share, from ¥1.59 billion, or ¥45.10 per share.

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