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Ishii Food swings to profit in fiscal Q1

Ishii Food Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 85 Japanese sen per share, compared with a loss of ¥1.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.0 million, compared with a loss of ¥35.6 million in the prior-year period.

The normalized profit margin rose to 0.6% from negative 1.5% in the year-earlier period.

Total revenue rose year over year to ¥2.46 billion from ¥2.40 billion, and total operating expenses came to ¥2.44 billion, compared with ¥2.46 billion in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥102.19.