Cox Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 was ¥3.35 per share, compared with a loss of ¥3.76 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥92.5 million, compared with a loss of ¥103.8 million in the year-earlier period.
The normalized profit margin climbed to 1.6% from negative 1.8% in the year-earlier period.
Total revenue came to ¥5.71 billion, compared with ¥5.73 billion in the prior-year period, and total operating expenses fell 5.8% year over year to ¥5.61 billion from ¥5.96 billion.
Reported net income came to ¥76.7 million, or ¥2.76 per share, compared to a loss of ¥222.0 million, or a loss of ¥8.05 per share, in the year-earlier period.
As of July 10, US$1 was equivalent to ¥101.28.
