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West Japan Railway fiscal Q3 profit climbs YOY

West Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥155.50 per share, a gain from ¥148.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.11 billion, a gain from ¥28.84 billion in the prior-year period.

The normalized profit margin dropped to 8.2% from 8.4% in the year-earlier period.

Total revenue increased 6.1% year over year to ¥366.41 billion from ¥345.29 billion, and total operating expenses grew 6.2% from the prior-year period to ¥311.31 billion from ¥293.15 billion.

Reported net income grew 25.8% on an annual basis to ¥31.77 billion, or ¥164.07 per share, from ¥25.26 billion, or ¥130.46 per share.

As of Feb. 10, US$1 was equivalent to ¥114.87.