Iwatsuka Confectionery Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥141.18 per share, a gain of 13.4% from ¥124.54 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥811.3 million, an increase of 13.4% from ¥715.6 million in the prior-year period.
The normalized profit margin increased to 12.9% from 11.7% in the year-earlier period.
Total revenue climbed on an annual basis to ¥6.29 billion from ¥6.13 billion, and total operating expenses climbed year over year to ¥5.94 billion from ¥5.74 billion.
Reported net income rose 24.6% from the prior-year period to ¥847.0 million, or ¥147.41 per share, from ¥680.0 million, or ¥118.34 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
