Maxvalu Nishinihon Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥16.68 per share, a gain of 54.6% from ¥10.79 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥441.3 million, a gain of 55.7% from ¥283.4 million in the year-earlier period.
The normalized profit margin rose to 0.7% from 0.4% in the year-earlier period.
Total revenue increased on an annual basis to ¥66.84 billion from ¥65.46 billion, and total operating expenses climbed from the prior-year period to ¥66.32 billion from ¥65.08 billion.
Reported net income decreased 60.8% year over year to ¥57.1 million, or ¥2.16 per share, from ¥145.7 million, or ¥5.54 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
