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Medical Ikkou fiscal Q1 profit climbs 7.8% YOY

Medical Ikkou Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥112.86 per share, a gain of 7.8% from ¥104.70 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥216.3 million, an increase of 7.8% from ¥200.6 million in the prior-year period.

The normalized profit margin dropped to 3.3% from 3.6% in the year-earlier period.

Total revenue grew 16.7% year over year to ¥6.54 billion from ¥5.61 billion, and total operating expenses grew 17.3% on an annual basis to ¥6.17 billion from ¥5.27 billion.

Reported net income grew 35.2% on an annual basis to ¥238.0 million, or ¥124.21 per share, from ¥176.0 million, or ¥91.85 per share.

As of July 15, US$1 was equivalent to ¥101.70.