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United Super Markets posts fiscal Q1 profit

United Super Markets Holdings Inc. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥2.30 billion.

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

The normalized profit margin was 1.4%.

Total revenue came to ¥164.69 billion, and total operating expenses totaled ¥161.11 billion.

Reported net income came to ¥1.69 billion, or ¥12.83 per share.

As of Oct. 7, US$1 was equivalent to ¥119.97.