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FreakOut fiscal Q1 profit climbs 64.5% YOY

FreakOut Holdings inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to ¥5.94 per share, an increase of 66.7% from ¥3.56 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥77.1 million, an increase of 64.5% from ¥46.9 million in the year-earlier period.

The normalized profit margin increased to 6.2% from 4.7% in the year-earlier period.

Total revenue grew 24.3% on an annual basis to ¥1.25 billion from ¥1.01 billion, and total operating expenses climbed 21.8% from the prior-year period to ¥1.13 billion from ¥931.0 million.

Reported net income rose year over year to ¥109.8 million, or ¥8.46 per share, from ¥48.9 million, or ¥3.71 per share.

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