trending Market Intelligence /marketintelligence/en/news-insights/trending/V-1ZPFci0ajCNFxA689g4A2 content esgSubNav
In This List

Meiko Network Japan fiscal Q1 profit climbs YOY


Expand Your Perspective: Intelligence


The evolving world of central bank digital currencies


Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills


Next in Tech | Episode 66: Connected vehicles in transition

Meiko Network Japan fiscal Q1 profit climbs YOY

Meiko Network Japan Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was ¥8.60 per share, an increase from ¥8.49 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥235.6 million, compared with ¥234.4 million in the year-earlier period.

The normalized profit margin declined to 5.7% from 6.0% in the year-earlier period.

Total revenue climbed 6.1% year over year to ¥4.11 billion from ¥3.88 billion, and total operating expenses rose 6.3% from the prior-year period to ¥3.77 billion from ¥3.54 billion.

Reported net income totaled a loss of ¥94.0 million, or a loss of ¥3.43 per share, compared to income of ¥353.0 million, or ¥12.79 per share, in the year-earlier period.

As of Jan. 13, US$1 was equivalent to ¥118.29.