trending Market Intelligence /marketintelligence/en/news-insights/trending/dpKSABVt6XczMuE6Y72u-Q2 content esgSubNav
In This List

Nittobest swings to profit in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Nittobest swings to profit in fiscal Q1

Nittobest Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥2.53 per share, compared with a loss of ¥3.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.6 million, compared with a loss of ¥40.0 million in the year-earlier period.

The normalized profit margin increased to 0.2% from negative 0.3% in the year-earlier period.

Total revenue rose 5.1% on an annual basis to ¥12.40 billion from ¥11.80 billion, and total operating expenses climbed on an annual basis to ¥12.37 billion from ¥11.88 billion.

Reported net income came to ¥38.0 million, or ¥3.14 per share, compared to a loss of ¥36.0 million, or a loss of ¥2.98 per share, in the year-earlier period.

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