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Cassina Ixc. posts Q1 profit

Cassina Ixc. Ltd. said its normalized net income for the first quarter came to ¥33.1 million.

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

The normalized profit margin was 1.5%.

Total revenue totaled ¥2.17 billion, and total operating expenses totaled ¥2.13 billion.

Reported net income came to ¥54.0 million, or ¥14.23 per share.

As of May 12, US$1 was equivalent to ¥119.88.