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Sekisui Chemical fiscal Q3 profit climbs YOY

Sekisui Chemical Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥23.55 per share, a gain from ¥22.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.94 billion, an increase from ¥11.76 billion in the prior-year period.

The normalized profit margin climbed to 4.5% from 4.4% in the year-earlier period.

Total revenue fell year over year to ¥266.05 billion from ¥269.68 billion, and total operating expenses declined on an annual basis to ¥249.95 billion from ¥252.55 billion.

Reported net income grew 38.6% on an annual basis to ¥14.96 billion, or ¥29.49 per share, from ¥10.79 billion, or ¥20.97 per share.

As of March 10, US$1 was equivalent to ¥121.19.