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Yagi & Co. fiscal Q3 profit climbs YOY

Yagi & Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥109.40 per share, a gain from ¥50.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥918.8 million, an increase from ¥420.6 million in the prior-year period.

The normalized profit margin rose to 2.9% from 1.3% in the year-earlier period.

Total revenue totaled ¥31.15 billion, compared with ¥31.27 billion in the year-earlier period, and total operating expenses declined from the prior-year period to ¥30.09 billion from ¥30.73 billion.

Reported net income grew from the prior-year period to ¥941.0 million, or ¥112.05 per share, from ¥413.0 million, or ¥49.18 per share.

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