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G.taste posts fiscal Q1 profit

G.taste Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥110.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.7%.

Total revenue totaled ¥6.65 billion, and total operating expenses came to ¥6.48 billion.

Reported net income came to ¥139.5 million, or 56 sen per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.