OUG Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to 92 Japanese sen per share, compared with a loss of ¥1.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.0 million, compared with a loss of ¥5.6 million in the year-earlier period.

The normalized profit margin increased to 0.0% from negative 0.0% in the year-earlier period.

Total revenue climbed year over year to ¥73.87 billion from ¥71.09 billion, and total operating expenses increased from the prior-year period to ¥73.93 billion from ¥71.15 billion.

Reported net income came to a loss of ¥69.0 million, or a loss of ¥12.63 per share, compared to a loss of ¥200.0 million, or a loss of ¥36.61 per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to ¥102.37.