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Taiyo Bussan fiscal Q1 profit climbs 65.4% YOY

4916364 said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was ¥45.83 per share, a gain of 65.4% from ¥27.71 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥53.8 million, an increase of 65.4% from ¥32.5 million in the year-earlier period.

The normalized profit margin climbed to 0.9% from 0.6% in the year-earlier period.

Total revenue rose 12.7% on an annual basis to ¥5.98 billion from ¥5.31 billion, and total operating expenses climbed 12.6% year over year to ¥5.90 billion from ¥5.24 billion.

eported net income grew 73.9% from the pri Taiyo Bussan Kaisha Ltd..