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ATOM fiscal Q1 profit climbs YOY

ATOM Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥1.97 per share, an increase from ¥1.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥377.5 million, a gain from ¥361.9 million in the year-earlier period.

The normalized profit margin declined to 3.2% from 3.6% in the year-earlier period.

Total revenue grew 17.5% on an annual basis to ¥11.91 billion from ¥10.14 billion, and total operating expenses rose 18.3% on an annual basis to ¥11.32 billion from ¥9.57 billion.

Reported net income declined 29.4% year over year to ¥259.0 million, or ¥1.35 per share, from ¥367.0 million, or ¥1.91 per share.

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