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Doutor Nichires Holdings fiscal Q3 profit climbs 25.9% YOY

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Doutor Nichires Holdings fiscal Q3 profit climbs 25.9% YOY

Doutor Nichires Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥32.27 per share, an increase of 25.9% from ¥25.63 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.56 billion, a gain of 25.9% from ¥1.24 billion in the year-earlier period.

The normalized profit margin rose to 5.2% from 4.4% in the year-earlier period.

Total revenue rose 6.4% on an annual basis to ¥29.87 billion from ¥28.07 billion, and total operating expenses grew 5.4% from the prior-year period to ¥27.66 billion from ¥26.24 billion.

Reported net income rose 24.0% on an annual basis to ¥1.34 billion, or ¥27.81 per share, from ¥1.08 billion, or ¥22.43 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.