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WonderCorp. fiscal Q1 profit climbs YOY

WonderCorp. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥23.84 per share, an increase from ¥2.51 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥128.3 million, an increase from ¥13.5 million in the year-earlier period.

The normalized profit margin increased to 0.6% from 0.1% in the year-earlier period.

Total revenue decreased year over year to ¥21.05 billion from ¥21.79 billion, and total operating expenses decreased year over year to ¥20.92 billion from ¥21.98 billion.

Reported net income came to ¥81.0 million, or ¥15.05 per share, compared to a loss of ¥100.0 million, or a loss of ¥18.59 per share, in the prior-year period.

As of July 14, US$1 was equivalent to ¥101.58.