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Pacific Industrial fiscal Q3 profit climbs YOY

Pacific Industrial Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥51.79 per share, an increase from ¥21.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.13 billion, a gain from ¥1.16 billion in the year-earlier period.

The normalized profit margin increased to 12.2% from 4.9% in the year-earlier period.

Total revenue increased 9.2% on an annual basis to ¥25.67 billion from ¥23.50 billion, and total operating expenses climbed 6.9% on an annual basis to ¥23.76 billion from ¥22.23 billion.

Reported net income increased 63.2% on an annual basis to ¥1.96 billion, or ¥32.40 per share, from ¥1.20 billion, or ¥22.33 per share.

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