Toshiba Corp. said its normalized net income for the fiscal first quarter ended June 30 came to 31 Japanese sen per share, compared with a loss of ¥2.73 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.30 billion, compared with a loss of ¥11.54 billion in the prior-year period.

The normalized profit margin increased to 0.1% from negative 0.9% in the year-earlier period.

Total revenue declined 10.6% year over year to ¥1.207 trillion from ¥1.350 trillion, and total operating expenses decreased 12.7% from the prior-year period to ¥1.187 trillion from ¥1.361 trillion.

Reported net income totaled ¥3.05 billion, or 72 sen per share, compared with a loss of ¥12.27 billion, or a loss of ¥2.90 per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥100.91.