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Como Co. fiscal Q1 profit climbs YOY

Como Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥3.45 per share, an increase from 69 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥12.5 million, a gain from ¥2.5 million in the year-earlier period.

The normalized profit margin rose to 0.9% from 0.2% in the year-earlier period.

Total revenue grew on an annual basis to ¥1.35 billion from ¥1.33 billion, and total operating expenses came to ¥1.32 billion, compared with ¥1.33 billion in the prior-year period.

Reported net income came to ¥7.0 million, or ¥1.93 per share, compared to a loss of ¥2.0 million, or a loss of 55 sen per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥102.44.