Ride On Express Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥135.6 million.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin was 3.5%.
Total revenue totaled ¥3.85 billion, and total operating expenses came to ¥3.63 billion.
Reported net income came to ¥164.5 million, or ¥15.36 per share.
As of Aug. 14, US$1 was equivalent to ¥124.29.