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Nexyz. Group fiscal Q1 profit climbs YOY

Nexyz. Group Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to ¥9.71 per share, a gain from ¥3.35 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥127.5 million, an increase from ¥44.6 million in the prior-year period.

The normalized profit margin climbed to 4.0% from 2.1% in the year-earlier period.

Total revenue grew 52.3% on an annual basis to ¥3.21 billion from ¥2.11 billion, and total operating expenses rose 43.5% year over year to ¥2.88 billion from ¥2.01 billion.

Reported net income grew year over year to ¥154.3 million, or ¥11.75 per share, from ¥52.3 million, or ¥3.93 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.