Boso Oil & Fat Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥70.90 per share, compared with a loss of ¥13.07 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥111.9 million, compared with a loss of ¥20.6 million in the year-earlier period.
The normalized profit margin rose to 2.3% from negative 0.4% in the year-earlier period.
Total revenue decreased year over year to ¥4.88 billion from ¥4.97 billion, and total operating expenses decreased 6.2% from the prior-year period to ¥4.69 billion from ¥5.00 billion.
Reported net income totaled ¥114.0 million, or ¥72.25 per share, compared to a loss of ¥21.0 million, or a loss of ¥13.31 per share, in the prior-year period.
As of Aug. 11, US$1 was equivalent to ¥102.12.
