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Business Breakthrough Inc. fiscal Q1 profit climbs YOY

Business Breakthrough Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥5.29 per share, an increase from ¥5.18 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥61.3 million, a gain from ¥60.0 million in the prior-year period.

The normalized profit margin fell to 6.8% from 8.6% in the year-earlier period.

Total revenue rose 29.0% on an annual basis to ¥902.0 million from ¥699.0 million, and total operating expenses increased 36.7% year over year to ¥808.0 million from ¥591.0 million.

Reported net income decreased 28.0% year over year to ¥40.7 million, or ¥3.50 per share, from ¥56.6 million, or ¥4.88 per share.

As of Aug. 1, US$1 was equivalent to ¥102.47.