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Central Sports Co. fiscal Q3 profit climbs 18.7% YOY

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Central Sports Co. fiscal Q3 profit climbs 18.7% YOY

Central Sports Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥33.05 per share, an increase of 18.7% from ¥27.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥379.0 million, an increase of 18.7% from ¥319.4 million in the prior-year period.

The normalized profit margin increased to 2.9% from 2.5% in the year-earlier period.

Total revenue climbed year over year to ¥12.94 billion from ¥12.78 billion, and total operating expenses came to ¥12.24 billion, compared with ¥12.18 billion in the prior-year period.

Reported net income increased 33.9% year over year to ¥367.0 million, or ¥32.01 per share, from ¥274.0 million, or ¥23.90 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.