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Sakai Holdings fiscal Q3 profit climbs YOY

Sakai Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended June 30 was ¥9.30 per share, a gain from ¥2.52 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥101.0 million, an increase from ¥27.4 million in the prior-year period.

The normalized profit margin climbed to 2.8% from 0.9% in the year-earlier period.

Total revenue increased 24.1% on an annual basis to ¥3.60 billion from ¥2.91 billion, and total operating expenses grew 20.3% on an annual basis to ¥3.45 billion from ¥2.87 billion.

Reported net income totaled ¥80.0 million, or ¥7.37 per share, compared to a loss of ¥4.0 million, or a loss of 37 sen per share, in the year-earlier period.

As of Aug. 11, US$1 was equivalent to ¥124.86.