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Renaissance posts fiscal Q1 profit

RenaissanceInc. said its normalized net income for the fiscal first quarter ended June 30 came to ¥245.6 million.

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

The normalized profit margin was 2.4%.

Total revenue totaled ¥10.40 billion, and total operating expenses came to ¥9.96 billion.

Reported net income totaled ¥178.0 million, or ¥11.93 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.