Genki Sushi Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥22.02 per share, an increase of 57.1% from ¥14.01 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥194.4 million, an increase of 57.1% from ¥123.8 million in the year-earlier period.
The normalized profit margin increased to 2.8% from 1.9% in the year-earlier period.
Total revenue increased 9.5% year over year to ¥7.03 billion from ¥6.42 billion, and total operating expenses increased 7.3% from the prior-year period to ¥6.69 billion from ¥6.23 billion.
Reported net income rose 54.6% from the prior-year period to ¥300.0 million, or ¥33.98 per share, from ¥194.0 million, or ¥21.97 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
