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Daisyo swings to profit in fiscal Q3

4915830 said its normalized net income for the fiscal third quarter ended May 31 amounted to ¥19.76 per share, compared with a loss of 54 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 ¥408.6 million, compared with a loss of ¥11.3 million in the year-earlier period.

The normalized profit margin increased to 2.3% from negative 0.1% in the year-earlier period.

Total revenue fell year over year to ¥18.08 billion from ¥18.54 billion, and total operating expenses fell 5.9% on an annual basis to ¥17.45 billion from ¥18.55 billion.

Reported net income totaled a loss of ¥61.0 million, or a loss of ¥2.95 per share, compared to a loss of ¥156.0 million, or a loss of ¥7.54 per share, in the prior-year period.

s of July 15, US$1 was equivalent to ¥123.95.Daisyo Corp.

4915830 said its normalized net income for the fiscal third quarter ended May 31 amounted to ¥19.76 per share, compared with a loss of 54 sen per share in the prior-year period.