4916346 said its normalized net income for the fiscal first quarter ended May 31 was ¥15.97 per share, a gain from ¥5.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.72 billion, a gain from ¥622.0 million in the year-earlier period.

The normalized profit margin climbed to 3.7% from 1.4% in the year-earlier period.

Total revenue grew year over year to ¥46.26 billion from ¥45.74 billion, and total operating expenses declined on an annual basis to ¥43.83 billion from ¥44.89 billion.

eported net income increased year over yea TSI Holdings Co. Ltd..