Life Foods Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥29.14 per share, a gain of 26.0% from ¥23.12 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥95.0 million, a gain of 18.8% from ¥80.0 million in the year-earlier period.
The normalized profit margin climbed to 3.0% from 2.6% in the year-earlier period.
Total revenue climbed year over year to ¥3.16 billion from ¥3.10 billion, and total operating expenses grew year over year to ¥3.02 billion from ¥2.99 billion.
Reported net income fell year over year to ¥68.0 million, or ¥20.86 per share, from ¥70.0 million, or ¥20.23 per share.
As of July 15, US$1 was equivalent to ¥101.70.