Sagami Chain Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥5.00 per share, a gain of 13.4% from ¥4.41 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥124.8 million, a gain of 13.4% from ¥110.0 million in the year-earlier period.
The normalized profit margin fell to 2.0% from 2.3% in the year-earlier period.
Total revenue climbed 30.1% on an annual basis to ¥6.36 billion from ¥4.89 billion, and total operating expenses climbed 30.3% from the prior-year period to ¥6.18 billion from ¥4.74 billion.
Reported net income increased 10.9% from the prior-year period to ¥132.0 million, or ¥5.29 per share, from ¥119.0 million, or ¥4.77 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
