Edion Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥3.35 per share, compared with a loss of ¥14.02 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥370.8 million, compared with a loss of ¥1.42 billion in the prior-year period.
The normalized profit margin increased to 0.2% from negative 0.9% in the year-earlier period.
Total revenue fell year over year to ¥156.35 billion from ¥160.84 billion, and total operating expenses declined year over year to ¥155.99 billion from ¥163.82 billion.
Reported net income totaled ¥614.4 million, or ¥5.55 per share, compared to a loss of ¥1.33 billion, or a loss of ¥13.08 per share, in the year-earlier period.
As of Aug. 8, US$1 was equivalent to ¥101.85.
