Shinnaigai Textile Ltd. said its normalized net income for the fiscal third quarter ended Dec. 25, 2014, came to ¥23.13 per share, an increase from ¥5.43 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥45.3 million, an increase from ¥10.6 million in the year-earlier period.
The normalized profit margin increased to 2.4% from 0.9% in the year-earlier period.
Total revenue rose 57.1% year over year to ¥1.89 billion from ¥1.20 billion, and total operating expenses grew 53.2% from the prior-year period to ¥1.81 billion from ¥1.18 billion.
Reported net income grew from the prior-year period to ¥44.0 million, or ¥22.49 per share, from ¥8.0 million, or ¥4.09 per share.
As of Feb. 5, US$1 was equivalent to ¥117.45.
