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Axyz fiscal Q3 profit climbs YOY

Axyz Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to ¥57.20 per share, an increase from ¥28.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥321.3 million, a gain from ¥157.5 million in the year-earlier period.

The normalized profit margin climbed to 7.3% from 4.0% in the year-earlier period.

Total revenue grew 11.4% year over year to ¥4.39 billion from ¥3.94 billion, and total operating expenses climbed 5.1% on an annual basis to ¥3.88 billion from ¥3.69 billion.

Reported net income increased 68.3% on an annual basis to ¥281.0 million, or ¥50.04 per share, from ¥167.0 million, or ¥29.74 per share.

As of May 7, US$1 was equivalent to ¥119.50.