Toabo Corp. said its normalized net income for the third quarter amounted to ¥40.0 million, compared with a loss of ¥1.9 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.9% from negative 0.0% in the year-earlier period.
Total revenue rose 6.4% on an annual basis to ¥4.54 billion from ¥4.27 billion, and total operating expenses climbed year over year to ¥4.44 billion from ¥4.24 billion.
Reported net income came to ¥30.0 million.
As of Nov. 11, US$1 was equivalent to ¥122.91.