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Tosho Co. posts fiscal Q1 profit

Tosho Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥698.0 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 15.0%.

Total revenue totaled ¥4.65 billion, and total operating expenses came to ¥3.45 billion.

Reported net income came to ¥701.0 million, or ¥18.30 per share.

As of Aug. 5, US$1 was equivalent to ¥124.99.