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DaikyoNishikawa posts fiscal Q1 profit

DaikyoNishikawa Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥1.45 billion.

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

The normalized profit margin was 4.6%.

Total revenue came to ¥31.44 billion, and total operating expenses came to ¥28.97 billion.

Reported net income totaled ¥1.50 billion, or ¥20.72 per share.

As of Aug. 6, US$1 was equivalent to ¥102.36.