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Johnan Academic Preparatory Institute posts fiscal Q3 profit

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Johnan Academic Preparatory Institute posts fiscal Q3 profit

Johnan Academic Preparatory Institute, Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥123.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 7.6%.

Total revenue came to ¥1.63 billion, and total operating expenses totaled ¥1.46 billion.

Reported net income came to ¥153.0 million, or ¥19.00 per share.

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