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San-A Co. fiscal Q1 profit climbs 20.3% YOY

San-A Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥61.09 per share, an increase of 20.3% from ¥50.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.95 billion, a gain of 20.3% from ¥1.62 billion in the year-earlier period.

The normalized profit margin increased to 4.8% from 4.3% in the year-earlier period.

Total revenue climbed 6.3% year over year to ¥40.28 billion from ¥37.89 billion, and total operating expenses climbed 5.4% on an annual basis to ¥37.12 billion from ¥35.23 billion.

Reported net income grew 15.3% from the prior-year period to ¥1.91 billion, or ¥59.88 per share, from ¥1.66 billion, or ¥51.94 per share.

As of July 14, US$1 was equivalent to ¥101.58.