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Nippon View Hotel posts fiscal Q1 profit

Nippon View Hotel Co. Ltd. said its normalized net income for the fiscal first quarter ended July 31 was ¥43.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.0%.

Total revenue totaled ¥4.35 billion, and total operating expenses totaled ¥4.28 billion.

Reported net income came to ¥1.9 million, or 11 sen per share.

As of Sept. 12, US$1 was equivalent to ¥107.36.