Oomitsu Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 31 came to 79 Japanese sen per share, compared with a loss of ¥5.54 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.4 million, compared with a loss of ¥65.6 million in the year-earlier period.
The normalized profit margin rose to 0.1% from negative 0.6% in the year-earlier period.
Total revenue grew 7.6% year over year to ¥11.70 billion from ¥10.87 billion, and total operating expenses rose 6.4% year over year to ¥11.68 billion from ¥10.98 billion.
Reported net income totaled a loss of ¥73.0 million, or a loss of ¥6.16 per share, compared to a loss of ¥81.0 million, or a loss of ¥6.84 per share, in the prior-year period.
As of Oct. 15, US$1 was equivalent to ¥106.21.
