Lead Co. Inc. said its normalized net income for the fiscal first quarter ended June 30 came to ¥3.57 per share, compared with a loss of ¥30.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.4 million, compared with a loss of ¥79.4 million in the prior-year period.

The normalized profit margin climbed to 0.7% from negative 7.3% in the year-earlier period.

Total revenue increased 18.7% on an annual basis to ¥1.30 billion from ¥1.09 billion, and total operating expenses climbed 5.1% from the prior-year period to ¥1.29 billion from ¥1.23 billion.

Reported net income totaled a loss of ¥21.0 million, or a loss of ¥7.99 per share, compared to a loss of ¥124.0 million, or a loss of ¥47.19 per share, in the prior-year period.

As of Aug. 8, US$1 was equivalent to ¥101.85.