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Feedone posts fiscal Q1 profit

Feedone Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥863.9 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.5%.

Total revenue totaled ¥58.00 billion, and total operating expenses totaled ¥56.71 billion.

Reported net income came to ¥1.02 billion, or ¥5.16 per share.

As of Aug. 13, US$1 was equivalent to ¥124.46.