Horiifoodservice Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥29.76 per share, a gain of 76.5% from ¥16.87 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥168.8 million, an increase of 76.5% from ¥95.6 million in the year-earlier period.
The normalized profit margin rose to 7.2% from 4.3% in the year-earlier period.
Total revenue grew on an annual basis to ¥2.35 billion from ¥2.25 billion, and total operating expenses came to ¥2.08 billion, compared with ¥2.09 billion in the year-earlier period.
Reported net income increased 87.7% year over year to ¥122.0 million, or ¥21.52 per share, from ¥65.0 million, or ¥11.46 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
