Mbs Inc. said its normalized net income for the fiscal first quarter ended Aug. 31 came to ¥2.58 per share, a gain from 62 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.6 million, a gain from ¥3.8 million in the year-earlier period.
The normalized profit margin climbed to 4.5% from 1.0% in the year-earlier period.
Total revenue declined year over year to ¥349.0 million from ¥363.0 million, and total operating expenses decreased 6.7% on an annual basis to ¥335.0 million from ¥359.0 million.
Reported net income grew on an annual basis to ¥41.0 million, or ¥6.78 per share, from ¥3.0 million, or 49 sen per share.
As of Oct. 10, US$1 was equivalent to ¥107.98.
