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Amiyaki Tei fiscal Q1 profit climbs 8.5% YOY

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Amiyaki Tei fiscal Q1 profit climbs 8.5% YOY

Amiyaki Tei Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥66.53 per share, an increase of 7.7% from ¥61.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥455.6 million, a gain of 8.5% from ¥420.0 million in the year-earlier period.

The normalized profit margin fell to 6.8% from 7.1% in the year-earlier period.

Total revenue increased 13.5% year over year to ¥6.68 billion from ¥5.88 billion, and total operating expenses rose 14.0% year over year to ¥5.96 billion from ¥5.22 billion.

Reported net income rose 32.6% from the prior-year period to ¥561.0 million, or ¥81.92 per share, from ¥423.0 million, or ¥62.21 per share.

As of Aug. 14, US$1 was equivalent to ¥102.44.