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Yumemitsuketai fiscal Q3 profit climbs 26.3% YOY

Yumemitsuketai Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥1.48 per share, a gain of 26.3% from ¥1.17 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.0 million, a gain of 26.3% from ¥11.9 million in the prior-year period.

The normalized profit margin increased to 3.4% from 2.2% in the year-earlier period.

Total revenue fell 18.0% year over year to ¥437.0 million from ¥533.0 million, and total operating expenses fell 15.8% on an annual basis to ¥427.0 million from ¥507.0 million.

Reported net income increased year over year to ¥56.0 million, or ¥5.54 per share, from ¥17.0 million, or ¥1.68 per share.

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