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Calbee fiscal Q1 profit climbs 11.0% YOY

Calbee Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥25.30 per share, an increase of 10.9% from ¥22.82 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.39 billion, an increase of 11.0% from ¥3.05 billion in the year-earlier period.

The normalized profit margin increased to 6.5% from 6.4% in the year-earlier period.

Total revenue climbed 9.9% year over year to ¥52.27 billion from ¥47.55 billion, and total operating expenses rose 8.0% from the prior-year period to ¥46.40 billion from ¥42.98 billion.

Reported net income increased 5.1% year over year to ¥3.38 billion, or ¥25.25 per share, from ¥3.21 billion, or ¥24.05 per share.

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