JSS Corp. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥1.24 per share, compared with a loss of ¥10.12 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥5.0 million, compared with a loss of ¥35.0 million in the year-earlier period.
The normalized profit margin climbed to negative 0.3% from negative 2.0% in the year-earlier period.
Total revenue grew 5.0% year over year to ¥1.84 billion from ¥1.76 billion, and total operating expenses rose from the prior-year period to ¥1.84 billion from ¥1.78 billion.
Reported net income came to a loss of ¥15.0 million, or a loss of ¥3.73 per share, compared to a loss of ¥44.0 million, or a loss of ¥12.72 per share, in the prior-year period.
As of Aug. 12, US$1 was equivalent to ¥102.19.
