Japan Transcity Q1 operating profit jumps 12% despite flat net income

Japan Transcity reported Q1 net sales of 31,002 million yen, up 2.4% year-on-year, with operating profit surging 12.1% to 2,105 million yen.

However, net income attributable to owners remained nearly flat at 1,632 million yen, down 0.1% from the previous year.