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Sotoh fiscal Q1 profit climbs 13.7% YOY

Sotoh Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥15.77 per share, a gain of 13.7% from ¥13.87 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥200.8 million, a gain of 13.7% from ¥176.5 million in the prior-year period.

The normalized profit margin climbed to 7.0% from 6.5% in the year-earlier period.

Total revenue rose 6.5% year over year to ¥2.88 billion from ¥2.70 billion, and total operating expenses climbed 7.3% from the prior-year period to ¥2.67 billion from ¥2.49 billion.

Reported net income rose 19.8% year over year to ¥218.0 million, or ¥17.13 per share, from ¥182.0 million, or ¥14.30 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.