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J-Group Holdings posts fiscal Q1 profit

4915308 said its normalized net income for the fiscal first quarter ended May 31 was ¥31.9 million.

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

The normalized profit margin was 1.0%.

Total revenue rose 21.5% on an annual basis to ¥3.35 billion from ¥2.76 billion, and total operating expenses increased 18.8% year over year to ¥3.29 billion from ¥2.77 billion.

Reported net income totaled ¥9.0 million, or ¥1.09 per share, compared to a loss of ¥12.0 million, or a loss of ¥1.84 per share, in the year-earlier period.

s of July 15, US$1 was equivalent to ¥101.70.J-Group Holdings Corp.

4915308 said its normalized net income for the fiscal first quarter ended May 31 was ¥31.9 million.