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Pia fiscal Q3 profit climbs YOY

Pia Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥12.49 per share, an increase from ¥5.51 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥176.5 million, an increase from ¥77.5 million in the year-earlier period.

The normalized profit margin climbed to 0.6% from 0.2% in the year-earlier period.

Total revenue declined 12.1% on an annual basis to ¥28.70 billion from ¥32.64 billion, and total operating expenses fell 12.6% year over year to ¥28.42 billion from ¥32.51 billion.

Reported net income increased year over year to ¥250.4 million, or ¥17.72 per share, from ¥99.0 million, or ¥7.04 per share.

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