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Shikibo fiscal Q3 profit climbs YOY

Shikibo Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥26.94 per share, a gain from ¥25.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥317.8 million, a gain from ¥304.4 million in the year-earlier period.

The normalized profit margin declined to 2.6% from 2.7% in the year-earlier period.

Total revenue climbed 7.4% year over year to ¥12.28 billion from ¥11.43 billion, and total operating expenses grew 7.0% on an annual basis to ¥11.64 billion from ¥10.88 billion.

Reported net income declined 34.2% from the prior-year period to ¥287.0 million, or ¥24.33 per share, from ¥436.0 million, or ¥36.96 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.