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.
