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GMB Corp. fiscal Q3 profit climbs YOY

GMB Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥49.27 per share, a gain from ¥48.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥256.8 million, an increase from ¥251.5 million in the prior-year period.

The normalized profit margin dropped to 1.6% from 1.8% in the year-earlier period.

Total revenue grew 10.3% year over year to ¥15.74 billion from ¥14.27 billion, and total operating expenses increased 13.4% year over year to ¥15.55 billion from ¥13.72 billion.

Reported net income fell 16.1% from the prior-year period to ¥172.0 million, or ¥33.00 per share, from ¥205.0 million, or ¥39.34 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.