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Heiwado Co. fiscal Q3 profit climbs 33.1% YOY

Heiwado Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 20 amounted to ¥32.86 per share, an increase of 33.1% from ¥24.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.82 billion, a gain of 33.1% from ¥1.36 billion in the year-earlier period.

The normalized profit margin increased to 1.8% from 1.4% in the year-earlier period.

Total revenue climbed year over year to ¥101.77 billion from ¥98.22 billion, and total operating expenses climbed year over year to ¥99.11 billion from ¥96.05 billion.

Reported net income grew 34.4% from the prior-year period to ¥1.68 billion, or ¥30.35 per share, from ¥1.25 billion, or ¥22.59 per share.

As of Dec. 26, US$1 was equivalent to ¥120.44.