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Workman Co. fiscal Q3 profit climbs YOY

Workman Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥54.04 per share, a gain from ¥52.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.21 billion, an increase from ¥2.15 billion in the prior-year period.

The normalized profit margin climbed to 14.6% from 14.3% in the year-earlier period.

Total revenue came to ¥15.06 billion, compared with ¥15.06 billion in the year-earlier period, and total operating expenses totaled ¥11.83 billion, compared with ¥11.95 billion in the prior-year period.

Reported net income grew 6.4% year over year to ¥2.06 billion, or ¥50.43 per share, from ¥1.94 billion, or ¥47.42 per share.

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