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Interspace fiscal Q1 profit climbs YOY

Interspace Co.Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was ¥17.41 per share, a gain from ¥2.40 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥118.1 million, a gain from ¥16.3 million in the year-earlier period.

The normalized profit margin increased to 2.2% from 0.4% in the year-earlier period.

Total revenue rose 26.4% on an annual basis to ¥5.38 billion from ¥4.25 billion, and total operating expenses grew 22.7% on an annual basis to ¥5.19 billion from ¥4.23 billion.

Reported net income totaled ¥124.0 million, or ¥18.28 per share, compared to a loss of ¥22.0 million, or a loss of ¥3.25 per share, in the prior-year period.

As of Feb. 10, US$1 was equivalent to ¥114.87.