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IKK fiscal Q3 profit climbs 10.6% YOY

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IKK fiscal Q3 profit climbs 10.6% YOY

IKK Inc. said its normalized net income for the fiscal third quarter ended July 31 was ¥15.06 per share, a gain of 9.8% from ¥13.72 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥443.8 million, a gain of 10.6% from ¥401.3 million in the year-earlier period.

The normalized profit margin increased to 9.6% from 8.9% in the year-earlier period.

Total revenue increased on an annual basis to ¥4.61 billion from ¥4.49 billion, and total operating expenses grew from the prior-year period to ¥3.90 billion from ¥3.84 billion.

Reported net income grew 15.8% from the prior-year period to ¥420.6 million, or ¥14.28 per share, from ¥363.4 million, or ¥12.42 per share.

As of Sept. 13, US$1 was equivalent to ¥102.20.