Matsuya Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥5.32 per share, a gain from ¥1.45 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥281.6 million, an increase from ¥76.6 million in the year-earlier period.
The normalized profit margin climbed to 1.4% from 0.4% in the year-earlier period.
Total revenue grew 8.6% year over year to ¥19.95 billion from ¥18.37 billion, and total operating expenses climbed 7.1% on an annual basis to ¥19.57 billion from ¥18.28 billion.
Reported net income increased 53.0% from the prior-year period to ¥205.0 million, or ¥3.87 per share, from ¥134.0 million, or ¥2.53 per share.
As of Jan. 9, US$1 was equivalent to ¥118.86.
