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East Japan Railway fiscal Q3 profit climbs 14.4% YOY

East Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥176.44 per share, a gain of 14.8% from ¥153.66 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥69.32 billion, an increase of 14.4% from ¥60.60 billion in the year-earlier period.

The normalized profit margin increased to 9.8% from 8.8% in the year-earlier period.

Total revenue rose year over year to ¥709.31 billion from ¥686.46 billion, and total operating expenses grew from the prior-year period to ¥580.78 billion from ¥569.59 billion.

Reported net income grew from the prior-year period to ¥59.85 billion, or ¥152.36 per share, from ¥58.76 billion, or ¥149.00 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.