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JSS Corp. swings to profit in fiscal Q1

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JSS Corp. swings to profit in fiscal Q1

JSS Corp. said its normalized net income for the fiscal first quarter ended June 30 came to 62 Japanese sen per share, compared with a loss of ¥1.24 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.5 million, compared with a loss of ¥5.0 million in the prior-year period.

The normalized profit margin climbed to 0.1% from negative 0.3% in the year-earlier period.

Total revenue rose year over year to ¥1.92 billion from ¥1.84 billion, and total operating expenses increased from the prior-year period to ¥1.92 billion from ¥1.84 billion.

As of Aug. 12, US$1 was equivalent to ¥123.89.