NCXX Group Inc. said its normalized net income for the fiscal first quarter ended Feb. 29 came to a loss of ¥6.45 per share, compared with a loss of ¥6.19 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥95.6 million, compared with a loss of ¥82.8 million in the year-earlier period.
The normalized profit margin increased to negative 3.7% from negative 8.2% in the year-earlier period.
Total revenue increased on an annual basis to ¥2.58 billion from ¥1.01 billion, and total operating expenses grew year over year to ¥2.69 billion from ¥1.14 billion.
Reported net income came to a loss of ¥102.0 million, or a loss of ¥6.88 per share, compared to a loss of ¥162.0 million, or a loss of ¥12.12 per share, in the prior-year period.
As of April 14, US$1 was equivalent to ¥109.17.
