JASTEC Co. Ltd. said its normalized net income for the fiscal first quarter ended Feb. 29 was ¥15.13 per share, an increase from ¥14.67 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥266.3 million, a gain from ¥257.5 million in the year-earlier period.
The normalized profit margin fell to 7.4% from 8.5% in the year-earlier period.
Total revenue increased 19.0% on an annual basis to ¥3.58 billion from ¥3.01 billion, and total operating expenses climbed 18.5% year over year to ¥3.18 billion from ¥2.68 billion.
Reported net income rose 60.6% year over year to ¥319.7 million, or ¥18.17 per share, from ¥199.1 million, or ¥11.34 per share.
As of April 8, US$1 was equivalent to ¥108.37.
