Kyoto Tool Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥37.04 per share, a gain of 12.2% from ¥33.02 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥88.8 million, a gain of 12.2% from ¥79.1 million in the prior-year period.
The normalized profit margin rose to 5.1% from 4.2% in the year-earlier period.
Total revenue decreased 8.8% on an annual basis to ¥1.74 billion from ¥1.91 billion, and total operating expenses decreased 10.8% from the prior-year period to ¥1.61 billion from ¥1.81 billion.
Reported net income increased 12.7% from the prior-year period to ¥177.0 million, or ¥73.86 per share, from ¥157.0 million, or ¥65.51 per share.
As of Feb. 4, US$1 was equivalent to ¥117.51.
