Kinbasha Gaming International, Inc. announced financial results for the fiscal first quarter ended June 30, 2013. Net revenues decreased to $18.7 million for the fiscal first quarter ended June 30, 2013, from $23.9 million for the same period in 2012. The principal reason for this decrease was the change in the yen/dollar exchange rate.

Net income attributable to common shareholders improved to $761,000 for the quarter ended June 30, 2013 as compared to a net loss of $1.9 million in the same period of 2012. As a result, fully diluted EPS improved to $0.06 in the quarter ended June 30, 2013, compared to a loss per share of $0.16 in the quarter ended June 30, 2012. The improvement to net income is generally attributed to enhanced market conditions, and the fact that in first quarter of fiscal 2013 the company was still recovering from the March 2011 earthquake.