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Snow Peak posts Q1 profit

Snow Peak Inc. said its first-quarter normalized net income came to ¥1.3 million.

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

The normalized profit margin was 0.1%.

Total revenue totaled ¥1.56 billion, and total operating expenses totaled ¥1.54 billion.

Reported net income totaled a loss of ¥28.0 million, or a loss of ¥2.13 per share.

As of May 14, US$1 was equivalent to ¥119.24.