Detention

Nippon Ichi Software Q1 2012 Financial Results

Nippon Ichi Software’s financial results for the first quarter of the fiscal year ending March 31, 2013, reflect a period of significant revenue growth and a transition toward profitability.

• Nippon Ichi Software achieved 553.1 million yen in net sales for Q1 2012, marking a 161.7% increase compared to the same period in the previous year.
• The company shifted toward profitability with an operating profit of 9.3 million yen and an ordinary profit of 1.7 million yen, reversing losses from the prior year's first quarter.
• Despite operational improvements, the company recorded a quarterly net loss of 30.3 million yen, an improvement over the 41.7 million yen loss reported in Q1 2011.