Higashimaru Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥38.52 per share, an increase of 13.7% from ¥33.87 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥181.3 million, a gain of 13.7% from ¥159.4 million in the prior-year period.
The normalized profit margin rose to 5.6% from 5.5% in the year-earlier period.
Total revenue climbed 12.1% on an annual basis to ¥3.25 billion from ¥2.90 billion, and total operating expenses grew 12.2% on an annual basis to ¥2.98 billion from ¥2.66 billion.
Reported net income declined 9.9% on an annual basis to ¥163.0 million, or ¥34.64 per share, from ¥181.0 million, or ¥38.47 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
