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JICHODO fiscal Q3 profit climbs 63.6% YOY

JICHODO Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to ¥59.37 per share, a gain of 69.1% from ¥35.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥176.9 million, an increase of 63.6% from ¥108.1 million in the year-earlier period.

The normalized profit margin increased to 5.4% from 2.8% in the year-earlier period.

Total revenue decreased 14.3% on an annual basis to ¥3.28 billion from ¥3.83 billion, and total operating expenses decreased 18.7% year over year to ¥2.84 billion from ¥3.50 billion.

Reported net income totaled a loss of ¥303.0 million, or a loss of ¥101.71 per share, compared to income of ¥98.0 million, or ¥31.81 per share, in the prior-year period.

As of May 13, US$1 was equivalent to ¥109.14.