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Tokyo Radiator fiscal Q3 profit climbs 80.4% YOY

Tokyo Radiator Mfg. Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥31.27 per share, an increase of 80.4% from ¥17.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥449.9 million, an increase of 80.4% from ¥249.4 million in the prior-year period.

The normalized profit margin increased to 5.5% from 3.5% in the year-earlier period.

Total revenue grew 14.4% year over year to ¥8.12 billion from ¥7.10 billion, and total operating expenses climbed 12.3% on an annual basis to ¥7.49 billion from ¥6.67 billion.

Reported net income increased year over year to ¥505.0 million, or ¥35.10 per share, from ¥249.0 million, or ¥17.31 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.