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Ichirokudo fiscal Q3 profit climbs YOY

Ichirokudo Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥8.81 per share, an increase from ¥3.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.0 million, an increase from ¥35.0 million in the year-earlier period.

The normalized profit margin climbed to 3.6% from 1.6% in the year-earlier period.

Total revenue rose 5.2% on an annual basis to ¥2.37 billion from ¥2.25 billion, and total operating expenses rose from the prior-year period to ¥2.31 billion from ¥2.24 billion.

Reported net income rose from the prior-year period to ¥76.6 million, or ¥7.94 per share, from ¥12.3 million, or ¥1.30 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.