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Fujibo Holdings fiscal Q1 profit climbs 35.6% YOY

Fujibo Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥50.79 per share, a gain of 35.6% from ¥37.46 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥592.5 million, an increase of 35.6% from ¥437.0 million in the prior-year period.

The normalized profit margin climbed to 6.0% from 4.6% in the year-earlier period.

Total revenue climbed on an annual basis to ¥9.83 billion from ¥9.51 billion, and total operating expenses came to ¥8.88 billion, compared with ¥8.83 billion in the prior-year period.

Reported net income rose 51.0% year over year to ¥539.0 million, or ¥46.20 per share, from ¥357.0 million, or ¥30.60 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.