Amagasa Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 amounted to ¥15.77 per share, a gain of 56.7% from ¥10.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥29.4 million, a gain of 56.7% from ¥18.8 million in the year-earlier period.

The normalized profit margin climbed to 1.6% from 1.0% in the year-earlier period.

Total revenue climbed on an annual basis to ¥1.86 billion from ¥1.80 billion, and total operating expenses grew on an annual basis to ¥1.80 billion from ¥1.76 billion.

Reported net income totaled a loss of ¥9.0 million, or a loss of ¥4.83 per share, compared to income of ¥18.0 million, or ¥9.66 per share, in the year-earlier period.

As of June 11, US$1 was equivalent to ¥123.66.