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Nifco fiscal Q3 profit climbs YOY

4554414 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥59.28 per share, a gain from ¥57.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.13 billion, a gain from ¥3.05 billion in the year-earlier period.

The normalized profit margin fell to 5.6% from 6.5% in the year-earlier period.

Total revenue increased 20.3% on an annual basis to ¥56.16 billion from ¥46.69 billion, and total operating expenses rose 21.6% year over year to ¥51.01 billion from ¥41.94 billion.

Reported net income declined 30.0% from the prior-year period to ¥2.49 billion, or ¥47.17 per share, from ¥3.56 billion, or ¥67.49 per share.

s of Feb. 5, US$1 was equivalent to ¥117.45.Nifco Inc.

4554414 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥59.28 per share, a gain from ¥57.66 per share in the prior-year period.