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Japan Best Rescue System fiscal Q1 loss narrows YOY

Japan Best Rescue System Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to a loss of 45 Japanese sen per share, compared with a loss of ¥4.64 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥15.4 million, compared with a loss of ¥142.5 million in the year-earlier period.

The normalized profit margin rose to negative 0.6% from negative 5.6% in the year-earlier period.

Total revenue climbed 8.9% on an annual basis to ¥2.77 billion from ¥2.54 billion, and total operating expenses rose from the prior-year period to ¥2.80 billion from ¥2.76 billion.

Reported net income came to a loss of ¥83.0 million, or a loss of ¥2.42 per share, compared to income of ¥7.0 million, or a loss of ¥7.65 per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to ¥118.68.