Genki Sushi Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥28.17 per share, a gain of 56.1% from ¥18.05 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥248.8 million, an increase of 56.1% from ¥159.4 million in the year-earlier period.
The normalized profit margin increased to 3.3% from 2.4% in the year-earlier period.
Total revenue increased 9.8% on an annual basis to ¥7.44 billion from ¥6.78 billion, and total operating expenses increased 8.3% on an annual basis to ¥7.10 billion from ¥6.55 billion.
Reported net income rose 7.9% from the prior-year period to ¥233.0 million, or ¥26.39 per share, from ¥216.0 million, or ¥24.46 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
