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Saizeriya fiscal Q1 profit climbs 53.6% YOY

Saizeriya Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, was ¥16.80 per share, an increase of 53.4% from ¥10.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥848.8 million, an increase of 53.6% from ¥552.5 million in the year-earlier period.

The normalized profit margin rose to 2.6% from 1.9% in the year-earlier period.

Total revenue rose 9.8% on an annual basis to ¥32.46 billion from ¥29.57 billion, and total operating expenses climbed 8.3% on an annual basis to ¥31.18 billion from ¥28.79 billion.

Reported net income increased from the prior-year period to ¥911.1 million, or ¥18.03 per share, from ¥424.0 million, or ¥8.41 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.